Cemtrex Inc (CETX) Trading Down 3.1%
Cemtrex Inc (NASDAQ:CETX)’s share price fell 3.1% during mid-day trading on Monday . The stock traded as low as $4.67 and last traded at $4.74, with a volume of 57,931 shares trading hands. The stock had previously closed at $4.89.
Separately, Taglich Brothers cut Cemtrex from a “buy” rating to a “speculative buy” rating in a research note on Friday, July 1st.
The stock’s 50-day moving average is $4.80 and its 200-day moving average is $2.95. The firm has a market cap of $43.66 million and a PE ratio of 11.10.
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.