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

StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a report published on Friday. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Price Performance

Shares of Cemtrex stock opened at $1.71 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. Cemtrex has a 52-week low of $1.65 and a 52-week high of $11.45. The stock has a 50-day simple moving average of $3.52 and a 200-day simple moving average of $4.29.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings results on Monday, February 12th. The industrial products company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($0.29). Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. The firm had revenue of $16.88 million for the quarter, compared to analyst estimates of $15.79 million. During the same quarter in the prior year, the firm earned ($3.99) earnings per share.

About Cemtrex

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.