Cemtrex (NASDAQ:CETX) Coverage Initiated by Analysts at StockNews.com

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

Cemtrex Stock Down 1.6 %

CETX stock opened at $4.19 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. The company has a fifty day moving average price of $3.63 and a two-hundred day moving average price of $4.57. Cemtrex has a one year low of $2.91 and a one year high of $11.45.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.29). Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. The company had revenue of $16.88 million for the quarter, compared to the consensus estimate of $15.79 million. During the same period last year, the firm earned ($3.99) earnings per share. Equities analysts anticipate that Cemtrex will post -1.27 earnings per share for the current year.

Hedge Funds Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Renaissance Technologies LLC bought a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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. 1.97% of the stock is owned by hedge funds and other institutional investors.

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.