Cemtrex Inc (CETX) Trading 3.7% Higher
Cemtrex Inc (NASDAQ:CETX) traded up 3.7% on Monday . The stock traded as high as $4.39 and last traded at $4.20, with a volume of 206,954 shares changing hands. The stock had previously closed at $4.05.
Separately, Taglich Brothers downgraded shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.
The stock has a market capitalization of $35.95 million and a P/E ratio of 11.3175. The firm’s 50 day moving average is $3.40 and its 200 day moving average is $2.46.
Cemtrex (NASDAQ:CETX) last issued 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, analysts forecast 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.