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

Investment analysts at StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a report issued on Sunday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Performance

CETX opened at $1.54 on Friday. The stock has a 50-day moving average of $1.44 and a 200-day moving average of $2.94. Cemtrex has a 52-week low of $1.14 and a 52-week high of $1,176.00. The company has a market cap of $2.75 million, a PE ratio of 0.00 and a beta of 1.68. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.06 and a current ratio of 1.17.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Friday, February 14th. The industrial products company reported ($16.15) earnings per share for the quarter, missing the consensus estimate of $42.00 by ($58.15). Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%. The business had revenue of $13.74 million for the quarter.

Hedge Funds Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC purchased a new stake in shares of Cemtrex, Inc. (NASDAQ:CETX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned approximately 0.78% of Cemtrex at the end of the most recent reporting period. Institutional investors and hedge funds own 1.97% of the company’s stock.

About Cemtrex

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.