Cemtrex Inc (CETX) Trading 7.3% Higher
Cemtrex Inc (NASDAQ:CETX) traded up 7.3% during trading on Tuesday . The company traded as high as $5.64 and last traded at $5.56, with a volume of 292,667 shares changing hands. The stock had previously closed at $5.18.
Separately, Taglich Brothers raised shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The stock has a market cap of $51.57 million and a P/E ratio of 13.11. The company’s 50 day moving average price is $4.94 and its 200 day moving average price is $3.09.
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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