Cemtrex (NASDAQ:CETX) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Cemtrex Inc. (NASDAQ:CETX) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $2.57 and traded as low as $2.06. Cemtrex shares last traded at $2.09, with a volume of 28,844 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CETX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Cemtrex from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cemtrex has a consensus rating of “Sell”.

Cemtrex Stock Up 0.5%

The company has a quick ratio of 1.21, a current ratio of 1.54 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3.51 million, a P/E ratio of -0.03 and a beta of 2.22. The company has a 50-day moving average of $2.55 and a two-hundred day moving average of $5.34.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Friday, August 14th. The industrial products company reported ($3.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3,087,000.00) by $3,086,996.81. The business had revenue of $18.44 million during the quarter, compared to the consensus estimate of $8.29 million. Cemtrex had a negative return on equity of 129.15% and a negative net margin of 38.59%.

Cemtrex Company Profile

Cemtrex, Inc (NASDAQ: CETX) is a technology and services company focused primarily on security and surveillance solutions. Through its Vicon Industries business, the company develops and supplies video management systems, security cameras, access-control products, video analytics and related software for commercial, institutional and government customers.

Vicon’s offerings are designed to help organizations monitor facilities, manage physical access and analyze security footage across networked environments.