Cemtrex Inc (CETX) Stock Price Down 2.4%
Shares of Cemtrex Inc (NASDAQ:CETX) traded down 2.4% during mid-day trading on Thursday . The company traded as low as $4.00 and last traded at $4.05, with a volume of 169,419 shares traded. The stock had previously closed at $4.15.
Separately, Taglich Brothers raised shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The firm has a market cap of $34.58 million and a P/E ratio of 10.89. The company has a 50-day moving average price of $3.40 and a 200 day moving average price of $2.46.
Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.10. On average, equities analysts forecast that Cemtrex Inc will post $0.59 earnings per share for the current 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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