Cemtrex (NASDAQ:CETX) Sees Unusually-High Trading Volume
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.
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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