Cemtrex (NASDAQ:CETX) Announces Quarterly Earnings Results

Cemtrex (NASDAQ:CETX) posted its quarterly earnings results on Tuesday. The industrial products company reported ($7.91) earnings per share for the quarter, Zacks reports. The company had revenue of $16.13 million during the quarter. Cemtrex had a negative net margin of 25.25% and a negative return on equity of 239.95%.

Cemtrex Price Performance

CETX stock traded down $0.03 during trading on Thursday, reaching $1.30. 204,231 shares of the company were exchanged, compared to its average volume of 2,918,570. Cemtrex has a twelve month low of $1.28 and a twelve month high of $42.60. The company has a 50-day moving average of $2.16 and a two-hundred day moving average of $6.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.94. The company has a market capitalization of $11.18 million, a price-to-earnings ratio of -0.01 and a beta of 1.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Cemtrex

Several large investors have recently added to or reduced their stakes in CETX. Jane Street Group LLC bought a new stake in Cemtrex during the 4th quarter valued at $186,000. Engineers Gate Manager LP bought a new stake in Cemtrex during the fourth quarter worth $115,000. Finally, Millennium Management LLC purchased a new stake in Cemtrex in the 4th quarter valued at $70,000. Institutional investors and hedge funds own 1.97% of the company’s stock.

Cemtrex Company Profile

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.