Cemtrex (NASDAQ:CETX) Announces Earnings Results, Misses Estimates By $58.15 EPS

Cemtrex (NASDAQ:CETX) announced its quarterly earnings results on Friday. The industrial products company reported ($16.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $42.00 by ($58.15), Zacks reports. Cemtrex had a negative return on equity of 85.66% and a negative net margin of 10.80%.

Cemtrex Stock Performance

CETX opened at $2.15 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.06 and a current ratio of 1.44. The company’s 50-day simple moving average is $2.86 and its two-hundred day simple moving average is $6.84. Cemtrex has a 52-week low of $2.12 and a 52-week high of $12,096.00.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Cemtrex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Cemtrex Company Profile

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.