Cemtrex (NASDAQ:CETX) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Cemtrex Inc. (NASDAQ:CETX) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.56 and traded as low as $1.39. Cemtrex shares last traded at $1.40, with a volume of 2,805,944 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cemtrex has a consensus rating of “Sell”.

Cemtrex Price Performance

The stock’s 50-day moving average is $2.56 and its 200 day moving average is $7.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.94. The company has a market cap of $11.93 million, a PE ratio of -0.01 and a beta of 1.38.

Cemtrex (NASDAQ:CETX) last released its earnings results on Monday, December 29th. The industrial products company reported ($35.68) earnings per share for the quarter. Cemtrex had a negative return on equity of 524.31% and a negative net margin of 36.75%.The company had revenue of $18.53 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cemtrex stock. Sabby Management LLC bought a new position in shares of Cemtrex Inc. (NASDAQ:CETX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,987 shares of the industrial products company’s stock, valued at approximately $141,000. Cemtrex makes up approximately 0.2% of Sabby Management LLC’s investment portfolio, making the stock its 19th largest position. Sabby Management LLC owned about 3.38% of Cemtrex as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.97% of the company’s stock.

About Cemtrex

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.