Cemtrex Inc (CETX) Shares Down 5%
Cemtrex Inc (NASDAQ:CETX) shares were down 5% during trading on Tuesday . The stock traded as low as $5.47 and last traded at $5.65, with a volume of 461,076 shares. The stock had previously closed at $5.95.
Separately, Taglich Brothers cut shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a report on Friday, July 1st.
The stock has a market capitalization of $47.98 million and a P/E ratio of 15.11. The company has a 50-day moving average of $4.31 and a 200-day moving average of $2.76.
Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. On average, equities analysts forecast 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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