Zacks: Cemtrex Inc (NASDAQ:CETX) Receives Average Recommendation of “Buy” from Brokerages
Cemtrex Inc (NASDAQ:CETX) has been assigned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation. Cemtrex’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $5.00 for the company and are anticipating that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Cemtrex an industry rank of 91 out of 265 based on the ratings given to its competitors.
Separately, Taglich Brothers raised shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
Shares of Cemtrex (NASDAQ:CETX) opened at 4.10 on Tuesday. The firm has a market capitalization of $38.58 million, a PE ratio of 9.81 and a beta of -0.31. Cemtrex has a 1-year low of $1.56 and a 1-year high of $6.59. The firm’s 50 day moving average is $4.77 and its 200 day moving average is $3.35.
A hedge fund recently raised its stake in Cemtrex stock. Vanguard Group Inc. increased its stake in Cemtrex Inc (NASDAQ:CETX) by 332.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,105 shares of the company’s stock after buying an additional 55,431 shares during the period. Vanguard Group Inc. owned approximately 0.84% of Cemtrex worth $266,000 at the end of the most recent reporting period.
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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