Cemtrex (NASDAQ:CETX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETXFree Report) in a research note published on Sunday. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Price Performance

Shares of NASDAQ CETX opened at $0.21 on Friday. Cemtrex has a 52 week low of $0.20 and a 52 week high of $8.90. The company’s 50-day moving average price is $0.30 and its 200 day moving average price is $2.50. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.57 and a quick ratio of 1.16.

Cemtrex (NASDAQ:CETXGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The industrial products company reported ($1.46) EPS for the quarter. Cemtrex had a negative net margin of 7.64% and a negative return on equity of 74.68%. The business had revenue of $17.16 million during the quarter. During the same quarter last year, the firm posted ($0.75) earnings per share.

Cemtrex Company Profile

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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.

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