Cemtrex Inc (CETX) Trading Down 10.3%
Cemtrex Inc (NASDAQ:CETX)’s share price dropped 10.3% on Monday . The stock traded as low as $4.59 and last traded at $4.71, with a volume of 352,630 shares trading hands. The stock had previously closed at $5.25.
Separately, Taglich Brothers upgraded Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The stock has a market capitalization of $40.19 million and a price-to-earnings ratio of 12.6546. The firm’s 50-day moving average is $4.10 and its 200-day moving average is $2.68.
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. On average, equities analysts expect 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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