Cemtrex Inc (CETX) Shares Down 4.8%
Shares of Cemtrex Inc (NASDAQ:CETX) traded down 4.8% during trading on Tuesday . The stock traded as low as $5.02 and last traded at $5.18, with a volume of 865,215 shares. The stock had previously closed at $5.44.
Separately, Taglich Brothers downgraded Cemtrex from a “buy” rating to a “speculative buy” rating in a research note on Friday, July 1st.
The company has a 50 day moving average of $3.84 and a 200 day moving average of $2.58. The firm has a market cap of $45.85 million and a price-to-earnings ratio of 14.44.
Cemtrex (NASDAQ:CETX) last announced its quarterly earnings results 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. On average, analysts expect 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.
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