Cemtrex (CETX) Issues Quarterly Earnings Results, Misses Expectations By $0.11 EPS
Cemtrex (NASDAQ:CETX) issued its earnings results on Wednesday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.11), Bloomberg Earnings reports. Cemtrex had a return on equity of 13.70% and a net margin of 3.64%.
Shares of Cemtrex (CETX) traded down $0.14 during mid-day trading on Thursday, reaching $2.60. 175,600 shares of the company traded hands, compared to its average volume of 132,426. Cemtrex has a 52 week low of $2.37 and a 52 week high of $6.07. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $28.92, a PE ratio of 5.00 and a beta of -0.37.
An institutional investor recently bought a new position in Cemtrex stock. Dimensional Fund Advisors LP bought a new position in Cemtrex Inc (NASDAQ:CETX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,965 shares of the industrial products company’s stock, valued at approximately $122,000. Dimensional Fund Advisors LP owned about 0.34% of Cemtrex at the end of the most recent quarter. 5.22% of the stock is currently owned by institutional investors.
Cemtrex Company Profile
Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.
Receive News & Ratings for Cemtrex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemtrex and related companies with MarketBeat.com's FREE daily email newsletter.