Cemtrex Inc (CETX) Sets New 52-Week High at $5.29
Cemtrex Inc (NASDAQ:CETX) hit a new 52-week high on Friday . The company traded as high as $5.29 and last traded at $5.24, with a volume of 730,435 shares trading hands. The stock had previously closed at $4.79.
Separately, Taglich Brothers cut Cemtrex from a “buy” rating to a “speculative buy” rating in a research note on Friday, July 1st.
The company has a market capitalization of $43.46 million and a PE ratio of 13.68. The company has a 50-day moving average of $3.64 and a 200-day moving average of $2.52.
Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. Equities analysts anticipate 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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