Cemtrex Inc. (NASDAQ:CETX – Get Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.90 and traded as low as $0.8910. Cemtrex shares last traded at $0.9321, with a volume of 290,576 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Cemtrex from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cemtrex currently has an average rating of “Sell”.
View Our Latest Research Report on Cemtrex
Cemtrex Stock Down 0.5%
Cemtrex (NASDAQ:CETX – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($308,700.00) by $308,700.11. Cemtrex had a negative return on equity of 142.99% and a negative net margin of 39.63%.The company had revenue of $18.06 million for the quarter, compared to the consensus estimate of $8.29 million.
Institutional Investors Weigh In On Cemtrex
Institutional investors have recently made changes to their positions in the company. Daytona Street Capital LLC bought a new stake in shares of Cemtrex in the 4th quarter valued at approximately $5,456,000. Sabby Management LLC bought a new stake in shares of Cemtrex in the 3rd quarter valued at approximately $141,000. Engineers Gate Manager LP bought a new stake in shares of Cemtrex in the 4th quarter valued at approximately $115,000. Jane Street Group LLC bought a new stake in shares of Cemtrex in the 4th quarter valued at approximately $186,000. Finally, Millennium Management LLC bought a new stake in shares of Cemtrex in the 4th quarter valued at approximately $70,000. 1.97% of the stock is currently owned by institutional investors.
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.
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