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

Research analysts at StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Trading Down 21.5 %

NASDAQ CETX opened at $2.01 on Thursday. Cemtrex has a 1-year low of $1.71 and a 1-year high of $389.40. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 48.20. The stock has a 50-day moving average of $0.24 and a 200-day moving average of $0.92. The firm has a market cap of $21.41 million, a PE ratio of 3.72 and a beta of 1.84.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) EPS for the quarter. The business had revenue of $14.69 million for the quarter. Cemtrex had a negative net margin of 19.64% and a negative return on equity of 183.95%.

About Cemtrex

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.