Cemtrex Inc (CETX) Reaches New 12-Month High at $5.29
Cemtrex Inc (NASDAQ:CETX) hit a new 52-week high during trading on Friday . The stock traded as high as $5.29 and last traded at $5.24, with a volume of 730,435 shares. The stock had previously closed at $4.79.
Separately, Taglich Brothers raised shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The stock has a market cap of $43.20 million and a P/E ratio of 13.60. The firm has a 50-day moving average of $3.71 and a 200-day moving average of $2.54.
Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Tuesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Equities research analysts predict that Cemtrex Inc will post $0.59 earnings per share 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.