Cemtrex Inc (CETX) Sees Strong Trading Volume
Shares of Cemtrex Inc (NASDAQ:CETX) saw unusually-high trading volume on Monday . Approximately 318,517 shares were traded during trading, a decline of 18% from the previous session’s volume of 388,957 shares.The stock last traded at $4.16 and had previously closed at $3.89.
Separately, Taglich Brothers upgraded shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The firm has a 50-day moving average price of $3.15 and a 200 day moving average price of $2.41. The firm has a market capitalization of $36.03 million and a PE ratio of 11.34.
Cemtrex (NASDAQ:CETX) last posted its earnings results on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Equities research analysts expect 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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