Cemtrex Inc (CETX) Trading 7% Higher
Shares of Cemtrex Inc (NASDAQ:CETX) traded up 7% on Wednesday . The company traded as high as $5.05 and last traded at $5.02, with a volume of 101,777 shares. The stock had previously closed at $4.69.
Separately, Taglich Brothers lowered 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 $45.36 million and a P/E ratio of 11.53. The firm has a 50 day moving average price of $4.88 and a 200-day moving average price of $3.03.
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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