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

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a report published on Monday. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Up 3.7 %

CETX stock opened at $4.23 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.92 and a debt-to-equity ratio of 0.92. Cemtrex has a 12 month low of $2.91 and a 12 month high of $11.45. The company has a 50-day moving average price of $3.62 and a 200 day moving average price of $4.57.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($0.29). The company had revenue of $16.88 million during the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($3.99) earnings per share. On average, equities analysts expect that Cemtrex will post -1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Cemtrex

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

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.