Cemtrex Inc (CETX) Stock Price Up 4.9%
Cemtrex Inc (NASDAQ:CETX) shares rose 4.9% on Monday . The company traded as high as $5.69 and last traded at $5.31, with a volume of 456,478 shares. The stock had previously closed at $5.06.
Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, June 1st.
The company has a market capitalization of $46.45 million and a PE ratio of 14.62. The company has a 50 day moving average of $3.71 and a 200 day moving average of $2.54.
Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.10. On average, 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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