Cemtrex Inc (CETX) Trading 5.9% Higher
Cemtrex Inc (NASDAQ:CETX)’s share price traded up 5.9% during mid-day trading on Wednesday . The stock traded as high as $3.95 and last traded at $3.93, with a volume of 297,235 shares. The stock had previously closed at $3.71.
Separately, Taglich Brothers lowered shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a report on Friday, July 1st.
The stock has a market cap of $33.55 million and a price-to-earnings ratio of 10.56. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $2.39.
Cemtrex (NASDAQ:CETX) last posted its quarterly earnings results on Tuesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.10. On average, equities research analysts anticipate that Cemtrex Inc will post $0.59 EPS for the current fiscal year.
Cemtrex, Inc is a diversified industrial and manufacturing company. The Company operates in a range of business segments and provides solutions to manufacturing industries. The Company provides electronic manufacturing services of electronic system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems.
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