Cemtrex Inc (CETX) Sees Strong Trading Volume
Shares of Cemtrex Inc (NASDAQ:CETX) saw strong trading volume on Thursday . 295,109 shares were traded during trading, a decline of 3% from the previous session’s volume of 304,644 shares.The stock last traded at $4.69 and had previously closed at $4.47.
Separately, Taglich Brothers downgraded Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.
The company has a market capitalization of $43.20 million and a price-to-earnings ratio of 13.60. The company has a 50 day moving average price of $3.71 and a 200 day moving average price of $2.54.
Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Tuesday, May 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.10. Equities analysts anticipate that Cemtrex Inc will post $0.59 EPS for the current 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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