Cemtrex (NASDAQ:CETX) Issues Earnings Results

Cemtrex (NASDAQ:CETX) released its quarterly earnings data on Friday. The industrial products company reported ($3.19) earnings per share for the quarter, beating the consensus estimate of ($3,087,000.00) by $3,086,996.81, Zacks reports. Cemtrex had a negative net margin of 39.63% and a negative return on equity of 142.99%.

Cemtrex Price Performance

NASDAQ CETX remained flat at $3.02 during trading hours on Friday. 46,305 shares of the company were exchanged, compared to its average volume of 414,393. The company has a market cap of $3.36 million, a PE ratio of -0.01 and a beta of 2.11. The company has a quick ratio of 1.29, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Cemtrex has a 1-year low of $2.38 and a 1-year high of $217.50. The firm has a 50-day simple moving average of $3.21 and a 200 day simple moving average of $7.89.

Analyst Upgrades and Downgrades

CETX has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Cemtrex in a research report on Wednesday. Wall Street Zen raised shares of Cemtrex from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Cemtrex

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in Cemtrex in the fourth quarter worth $70,000. Engineers Gate Manager LP bought a new position in Cemtrex during the fourth quarter worth about $115,000. Finally, Jane Street Group LLC bought a new position in Cemtrex during the fourth quarter worth about $186,000. Institutional investors own 1.97% of the company’s stock.

About Cemtrex

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.