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

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Thursday. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Performance

Cemtrex stock opened at $2.01 on Thursday. Cemtrex has a fifty-two week low of $1.71 and a fifty-two week high of $389.40. The company has a debt-to-equity ratio of 48.20, a quick ratio of 1.35 and a current ratio of 1.89. The stock has a market cap of $21.41 million, a P/E ratio of 3.72 and a beta of 1.84. The firm’s fifty day moving average price is $0.24 and its 200-day moving average price is $0.88.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share for the quarter. Cemtrex had a negative net margin of 19.64% and a negative return on equity of 183.95%. The firm had revenue of $14.69 million for the quarter.

About Cemtrex

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.