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

by · The Markets Daily

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX – Free Report) in a research note published on Saturday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Cemtrex Stock Performance

Shares of CETX stock opened at $0.29 on Friday. The company has a market cap of $3.14 million, a price-to-earnings ratio of 0.01 and a beta of 1.84. Cemtrex has a 52 week low of $0.27 and a 52 week high of $389.40. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20. The firm has a 50 day moving average of $0.32 and a 200-day moving average of $0.60.

Cemtrex (NASDAQ:CETX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.18) EPS for the quarter. The company had revenue of $14.69 million for the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%.

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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