Cemtrex (NASDAQ:CETX) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Cemtrex Inc. (NASDAQ:CETX)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.56 and traded as low as $1.39. Cemtrex shares last traded at $1.40, with a volume of 2,805,944 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Cemtrex Price Performance

The company has a 50-day moving average of $2.53 and a two-hundred day moving average of $7.61. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.94. The stock has a market capitalization of $13.93 million, a PE ratio of -0.01 and a beta of 1.38.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Monday, December 29th. The industrial products company reported ($35.68) EPS for the quarter. Cemtrex had a negative net margin of 36.75% and a negative return on equity of 524.31%. The company had revenue of $18.53 million for the quarter.

Institutional Trading of Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Sabby Management LLC acquired a new position in shares of Cemtrex Inc. (NASDAQ:CETX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,987 shares of the industrial products company’s stock, valued at approximately $141,000. Cemtrex accounts for about 0.2% of Sabby Management LLC’s holdings, making the stock its 19th biggest position. Sabby Management LLC owned 3.38% of Cemtrex at the end of the most recent quarter. Institutional investors own 1.97% of the company’s stock.

Cemtrex Company Profile

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.