Cemtrex (NASDAQ:CETX) Announces Earnings Results

Cemtrex (NASDAQ:CETX) announced its quarterly earnings results on Friday. The industrial products company reported ($3.19) earnings per share for the quarter, beating the consensus estimate of ($3,087,000.00) by $3,086,996.81, Zacks reports. Cemtrex had a negative return on equity of 142.99% and a negative net margin of 39.63%.

Cemtrex Stock Performance

Cemtrex stock remained flat at $3.02 during midday trading on Friday. The company had a trading volume of 46,305 shares, compared to its average volume of 414,393. The firm has a market capitalization of $3.36 million, a P/E ratio of -0.01 and a beta of 2.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.29 and a current ratio of 1.57. The stock’s 50-day moving average price is $3.21 and its 200-day moving average price is $7.89. Cemtrex has a twelve month low of $2.38 and a twelve month high of $217.50.

Institutional Investors Weigh In On Cemtrex

A number of institutional investors and hedge funds have recently bought and sold shares of CETX. Jane Street Group LLC bought a new stake in Cemtrex during the fourth quarter valued at approximately $186,000. Engineers Gate Manager LP purchased a new stake in shares of Cemtrex during the 4th quarter valued at $115,000. Finally, Millennium Management LLC bought a new stake in shares of Cemtrex during the 4th quarter worth $70,000. 1.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday. Wall Street Zen raised shares of Cemtrex from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.