Shares of Cemtrex Inc (NASDAQ:CETX) saw unusually-high trading volume on Wednesday . Approximately 842,300 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 609,800 shares.The stock last traded at $1.56 and had previously closed at $1.48.

The company has a 50 day moving average of $1.70 and a 200-day moving average of $1.18. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 0.29.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Tuesday, August 20th. The industrial products company reported ($1.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($1.27). Cemtrex had a negative net margin of 17.09% and a negative return on equity of 42.86%. The firm had revenue of $22.45 million during the quarter, compared to the consensus estimate of $29.50 million.

A hedge fund recently bought a new stake in Cemtrex stock. Morgan Stanley bought a new position in shares of Cemtrex Inc (NASDAQ:CETX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,799 shares of the industrial products company’s stock, valued at approximately $25,000. Morgan Stanley owned approximately 0.31% of Cemtrex as of its most recent SEC filing. Institutional investors own 9.45% of the company’s stock.

About Cemtrex (NASDAQ:CETX)

Cemtrex, Inc primarily provides electronic manufacturing services. The company operates through three segments: Advanced Technologies, Electronics Manufacturing, and Industrial Technology. The Advanced Technologies segment provides SmartDesk, an IoT product for the desktop PC market; and related white glove installation, extended warranties, and accessories directly to consumers, as well as through value added resellers for enterprises.

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