StockNews.com Initiates Coverage on Cemtrex (NASDAQ:CETX)

Investment analysts at StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a note issued to investors on Monday. The brokerage set a “sell” rating on the industrial products company’s stock.

Cemtrex Stock Down 6.1 %

Shares of NASDAQ:CETX opened at $0.25 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 48.20. Cemtrex has a 12 month low of $0.24 and a 12 month high of $389.40. The firm’s 50-day moving average is $0.34 and its 200 day moving average is $0.43.

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

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.