Cemtrex Inc (CETX) Stock Price Down 2.6%
Shares of Cemtrex Inc (NASDAQ:CETX) fell 2.6% during trading on Friday . The stock traded as low as $3.76 and last traded at $3.81, with a volume of 95,742 shares. The stock had previously closed at $3.91.
Separately, Taglich Brothers lowered Cemtrex from a “buy” rating to a “speculative buy” rating in a report on Friday, July 1st.
The stock has a 50 day moving average price of $3.04 and a 200 day moving average price of $2.40. The stock has a market cap of $33.21 million and a PE ratio of 10.46.
Cemtrex (NASDAQ:CETX) last posted its earnings results on Tuesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. On average, equities research 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.
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