Cemtrex Inc (CETX) Hits New 1-Year High at $6.30
Cemtrex Inc (NASDAQ:CETX) shares reached a new 52-week high during trading on Monday . The company traded as high as $6.30 and last traded at $5.94, with a volume of 1,667,105 shares. The stock had previously closed at $5.07.
Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The stock has a 50 day moving average of $4.23 and a 200 day moving average of $2.73. The company has a market cap of $54.47 million and a price-to-earnings ratio of 17.1503.
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, analysts forecast that Cemtrex Inc will post $0.59 earnings per share 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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