Cemtrex (NASDAQ:CETX) Shares Scheduled to Reverse Split on Tuesday, November 26th

Cemtrex, Inc. (NASDAQ:CETX) shares are going to reverse split on Tuesday, November 26th. The 1-35 reverse split was announced on Thursday, November 21st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 25th.

Cemtrex Stock Down 41.6 %

NASDAQ:CETX opened at $0.11 on Friday. Cemtrex has a 12 month low of $0.11 and a 12 month 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 firm has a fifty day simple moving average of $0.36 and a two-hundred day simple moving average of $0.28.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Cemtrex in a report on Wednesday. They set a “sell” rating for the company.

Cemtrex Company Profile

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.