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

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETXFree Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Trading Up 2.7 %

NASDAQ CETX opened at $0.21 on Friday. The company has a fifty day simple moving average of $0.30 and a two-hundred day simple moving average of $2.50. Cemtrex has a 12-month low of $0.20 and a 12-month high of $8.90. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 4.18.

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

Cemtrex Company Profile

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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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