Cemtrex (NASDAQ:CETX) Announces Earnings Results

Cemtrex (NASDAQ:CETX) issued its quarterly earnings results on Tuesday. The industrial products company reported ($7.91) earnings per share (EPS) for the quarter, Zacks reports. Cemtrex had a negative return on equity of 524.31% and a negative net margin of 36.75%.

Cemtrex Stock Up 1.4%

Shares of NASDAQ:CETX opened at $1.42 on Wednesday. Cemtrex has a fifty-two week low of $1.36 and a fifty-two week high of $42.60. The firm’s 50 day moving average price is $2.21 and its 200 day moving average price is $6.66. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock has a market cap of $12.21 million, a price-to-earnings ratio of -0.01 and a beta of 1.38.

Hedge Funds Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Jane Street Group LLC bought a new stake in Cemtrex Inc. (NASDAQ:CETX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 71,660 shares of the industrial products company’s stock, valued at approximately $186,000. Jane Street Group LLC owned about 0.83% of Cemtrex at the end of the most recent reporting period. 1.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cemtrex in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Cemtrex currently has an average rating of “Sell”.

Cemtrex Company Profile

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.