Cemtrex Inc (CETX) Trading Down 10.3%
Cemtrex Inc (NASDAQ:CETX) shares fell 10.3% during trading on Monday . The stock traded as low as $4.59 and last traded at $4.71, with a volume of 352,630 shares trading hands. The stock had previously closed at $5.25.
Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The company has a market capitalization of $41.67 million and a PE ratio of 13.12. The company’s 50-day moving average is $4.02 and its 200 day moving average is $2.64.
Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Tuesday, May 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.10. Equities analysts predict that Cemtrex Inc will post $0.59 EPS 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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