StockNews.com Initiates Coverage on Cemtrex (NASDAQ:CETX)

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETXFree Report) in a report published on Tuesday. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Price Performance

Cemtrex stock opened at $0.39 on Tuesday. The company’s 50-day moving average price is $2.05 and its 200-day moving average price is $3.63. Cemtrex has a twelve month low of $0.25 and a twelve month high of $10.58. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.16 and a current ratio of 1.57.

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

About Cemtrex

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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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