Cemtrex (NASDAQ:CETX – Get Free Report) released its earnings results on Friday. The industrial products company reported ($3.19) earnings per share for the quarter, topping the consensus estimate of ($3,087,000.00) by $3,086,996.81, Zacks reports. Cemtrex had a negative net margin of 39.63% and a negative return on equity of 142.99%. The business had revenue of $18.44 million for the quarter, compared to the consensus estimate of $8.29 million.
Cemtrex Stock Performance
Shares of Cemtrex stock remained flat at $3.02 during midday trading on Friday. 46,305 shares of the stock were exchanged, compared to its average volume of 79,273. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.29 and a current ratio of 1.57. The stock has a market capitalization of $3.35 million, a P/E ratio of -0.01 and a beta of 2.11. Cemtrex has a fifty-two week low of $2.38 and a fifty-two week high of $217.50. The firm has a 50 day moving average of $3.16 and a 200 day moving average of $7.86.
Analyst Ratings Changes
Several equities analysts have weighed in on CETX shares. Wall Street Zen upgraded shares of Cemtrex from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in Cemtrex during the fourth quarter valued at approximately $70,000. Engineers Gate Manager LP bought a new stake in shares of Cemtrex during the 4th quarter worth $115,000. Finally, Jane Street Group LLC bought a new stake in shares of Cemtrex during the 4th quarter worth $186,000. 1.97% of the stock is owned by institutional investors.
Cemtrex Company Profile
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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