Cemtrex Inc (CETX) Sees Unusually-High Trading Volume
Shares of Cemtrex Inc (NASDAQ:CETX) saw unusually-strong trading volume on Thursday . Approximately 295,109 shares changed hands during trading, a decline of 3% from the previous session’s volume of 304,644 shares.The stock last traded at $4.69 and had previously closed at $4.47.
Separately, Taglich Brothers upgraded Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The firm’s 50-day moving average price is $3.64 and its 200 day moving average price is $2.52. The stock has a market cap of $40.90 million and a P/E ratio of 12.88.
Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Tuesday, May 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.10. Equities analysts anticipate 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.
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.