Cemtrex Inc (CETX) Trading Down 2.6%
Shares of Cemtrex Inc (NASDAQ:CETX) were down 2.6% during mid-day trading on Friday . The company traded as low as $3.76 and last traded at $3.81, with a volume of 95,742 shares changing hands. The stock had previously closed at $3.91.
Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The stock’s 50 day moving average price is $3.09 and its 200-day moving average price is $2.41. The firm has a market cap of $33.21 million and a PE ratio of 10.46.
Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. On average, equities research analysts forecast that Cemtrex Inc will post $0.59 earnings per share 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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