Cemtrex Inc (CETX) Stock Price Up 7%
Shares of Cemtrex Inc (NASDAQ:CETX) rose 7% during mid-day trading on Wednesday . The company traded as high as $5.07 and last traded at $5.03, with a volume of 176,598 shares traded. The stock had previously closed at $4.70.
Separately, Taglich Brothers upgraded shares of Cemtrex from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, June 1st.
The firm has a market cap of $48.56 million and a P/E ratio of 12.59. The stock has a 50 day moving average price of $4.77 and a 200 day moving average price of $2.93.
Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Tuesday, May 17th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.10. Equities research analysts anticipate that Cemtrex Inc will post $0.59 EPS 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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