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

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the industrial products company’s stock.

Cemtrex Trading Down 29.1 %

Shares of CETX stock opened at $0.29 on Friday. 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 capitalization of $3.09 million, a P/E ratio of 0.01 and a beta of 1.84. The company has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.68. Cemtrex has a fifty-two week low of $0.27 and a fifty-two week high of $389.40.

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