Cemtrex (NASDAQ:CETX) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Cemtrex Inc. (NASDAQ:CETX)’s stock price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $2.46 and traded as low as $1.92. Cemtrex shares last traded at $1.92, with a volume of 40,237 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Cemtrex has an average rating of “Sell”.

Cemtrex Trading Down 3.5%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.54 and a quick ratio of 1.21. The firm has a 50 day moving average of $2.42 and a two-hundred day moving average of $5.05.

Cemtrex (NASDAQ:CETX) last issued its earnings results on Friday, August 14th. The industrial products company reported ($3.19) EPS for the quarter, topping the consensus estimate of ($3,087,000.00) by $3,086,996.81. The firm had revenue of $18.44 million during the quarter, compared to the consensus estimate of $8.29 million. Cemtrex had a negative return on equity of 129.15% and a negative net margin of 38.59%.

About Cemtrex

Cemtrex, Inc is a technology and industrial services company that develops and provides security, surveillance and related technology solutions. Its business has included video management systems, networked video surveillance, access control, security cameras and analytics designed for commercial, governmental, educational and other institutional customers.

Through its Vicon Industries subsidiary, Cemtrex offers integrated security products and software, including surveillance cameras, video management platforms and security solutions for monitoring and protecting facilities.