Cemtrex Inc (CETX) Stock Price Up 5.7%
Cemtrex Inc (NASDAQ:CETX) rose 5.7% during mid-day trading on Wednesday . The stock traded as high as $5.08 and last traded at $5.00, with a volume of 193,080 shares. The stock had previously closed at $4.73.
Separately, Taglich Brothers upgraded shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The stock has a market capitalization of $43.37 million and a PE ratio of 13.66. The stock has a 50 day moving average of $4.15 and a 200-day moving average of $2.69.
Cemtrex (NASDAQ:CETX) last issued 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. Equities research 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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