Cemtrex Inc (CETX) Shares Up 7%
Shares of Cemtrex Inc (NASDAQ:CETX) shot up 7% during mid-day trading on Wednesday . The company traded as high as $5.07 and last traded at $5.03, with a volume of 176,598 shares. The stock had previously closed at $4.70.
Separately, Taglich Brothers cut Cemtrex from a “buy” rating to a “speculative buy” rating in a report on Friday, July 1st.
The firm has a market cap of $47.90 million and a P/E ratio of 12.41. The stock’s 50-day moving average price is $4.67 and its 200 day moving average price is $2.90.
Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data 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, equities research analysts anticipate that Cemtrex Inc will post $0.59 earnings per share 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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