Cemtrex (NASDAQ:CETX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Up 1.3 %

NASDAQ:CETX opened at $3.10 on Thursday. Cemtrex has a 12 month low of $2.91 and a 12 month high of $11.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.64 and a current ratio of 0.92. The company’s 50-day moving average price is $3.62 and its two-hundred day moving average price is $4.39.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Monday, February 12th. The industrial products company reported ($1.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.29). The firm had revenue of $16.88 million during the quarter, compared to analyst estimates of $15.79 million. Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. During the same quarter last year, the firm earned ($3.99) earnings per share.

Hedge Funds Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Renaissance Technologies LLC bought a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 144,688 shares of the industrial products company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned approximately 0.59% of Cemtrex at the end of the most recent quarter. 1.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemtrex Company Profile

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.