Shares of Cemtrex Inc (NASDAQ:CETX) dropped 2.4% during trading on Thursday . The stock traded as low as $4.00 and last traded at $4.05, with a volume of 169,419 shares changing hands. The stock had previously closed at $4.15.

Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, June 1st.

The stock has a 50-day moving average of $3.34 and a 200-day moving average of $2.45. The firm has a market cap of $34.58 million and a P/E ratio of 10.89.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings results on Tuesday, May 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.10. On average, equities analysts forecast that Cemtrex Inc will post $0.59 earnings per share 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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