Cemtrex Inc (CETX) Trading Down 1.9%
Cemtrex Inc (NASDAQ:CETX)’s share price was down 1.9% during mid-day trading on Monday . The company traded as low as $5.40 and last traded at $5.56, with a volume of 133,644 shares trading hands. The stock had previously closed at $5.67.
Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The firm’s 50 day moving average is $4.67 and its 200-day moving average is $2.90. The stock has a market capitalization of $45.83 million and a price-to-earnings ratio of 11.8778.
Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Tuesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.10. On average, 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.