StockNews.com Begins Coverage on Cemtrex (NASDAQ:CETX)

Research analysts at StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Performance

Shares of NASDAQ CETX opened at $0.21 on Tuesday. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.57 and a quick ratio of 1.16. The business has a 50-day simple moving average of $0.29 and a two-hundred day simple moving average of $2.18. Cemtrex has a fifty-two week low of $0.20 and a fifty-two week high of $7.64.

Cemtrex (NASDAQ:CETX) last released its earnings results on Tuesday, May 14th. The industrial products company reported ($1.46) EPS for the quarter. The firm had revenue of $17.16 million for the quarter. Cemtrex had a negative return on equity of 74.68% and a negative net margin of 7.64%. During the same period last year, the business earned ($0.75) earnings per share.

About Cemtrex

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.