Cemtrex Inc (CETX) Trading 3.7% Higher
Cemtrex Inc (NASDAQ:CETX) shares traded up 3.7% during trading on Monday . The stock traded as high as $4.39 and last traded at $4.20, with a volume of 206,954 shares. The stock had previously closed at $4.05.
Separately, Taglich Brothers cut Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.
The company has a 50-day moving average of $3.49 and a 200 day moving average of $2.49. The stock has a market capitalization of $37.14 million and a PE ratio of 11.69.
Cemtrex (NASDAQ:CETX) last released 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 analysts predict that Cemtrex Inc will post $0.59 EPS 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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