Cemtrex Inc (CETX) Sets New 12-Month High at $6.30
Shares of Cemtrex Inc (NASDAQ:CETX) reached a new 52-week high during mid-day 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 trading hands. The stock had previously closed at $5.07.
Separately, Taglich Brothers raised Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The stock has a market capitalization of $47.98 million and a PE ratio of 15.11. The stock’s 50 day moving average price is $4.38 and its 200-day moving average price is $2.78.
Cemtrex (NASDAQ:CETX) last released its 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 forecast 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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