Cemtrex Inc (CETX) Trading Down 5%
Cemtrex Inc (NASDAQ:CETX) shares dropped 5% during mid-day trading on Tuesday . The company traded as low as $5.47 and last traded at $5.65, with a volume of 461,076 shares changing hands. The stock had previously closed at $5.95.
Separately, Taglich Brothers upgraded Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
The stock has a 50-day moving average price of $4.45 and a 200 day moving average price of $2.81. The firm has a market capitalization of $48.03 million and a P/E ratio of 15.124.
Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.10. Equities research 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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