Cemtrex Inc (CETX) Trading 4.9% Higher
Cemtrex Inc (NASDAQ:CETX)’s share price traded up 4.9% during mid-day trading 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 cut shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.
The firm’s 50-day moving average price is $3.84 and its 200-day moving average price is $2.58. The stock has a market capitalization of $46.96 million and a price-to-earnings ratio of 14.7847.
Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by $0.10. On average, equities research analysts forecast 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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