Cemtrex (CETX) Sees Strong Trading Volume

Cemtrex Inc (NASDAQ:CETX) shares saw an uptick in trading volume on Tuesday . 717,710 shares were traded during trading, an increase of 306% from the previous session’s volume of 176,661 shares.The stock last traded at $0.61 and had previously closed at $0.59.

Separately, Zacks Investment Research downgraded shares of Cemtrex from a “hold” rating to a “sell” rating in a report on Wednesday.

The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24.

An institutional investor recently bought a new position in Cemtrex stock. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Cemtrex Inc (NASDAQ:CETX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 132,290 shares of the industrial products company’s stock, valued at approximately $76,000. Municipal Employees Retirement System of Michigan owned 0.99% of Cemtrex as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 5.14% of the company’s stock.

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Cemtrex Company Profile (NASDAQ:CETX)

Cemtrex, Inc primarily provides electronic manufacturing services. The company operates through three segments: Advanced Technologies, Electronics Manufacturing, and Industrial Technology. The Advanced Technologies segment provides SmartDesk, an IoT product for the desktop PC market; and related white glove installation, extended warranties, and accessories directly to consumers, as well as through value added resellers for enterprises.

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