Cemtrex Inc (CETX) Trading 7% Higher
Cemtrex Inc (NASDAQ:CETX)’s share price traded up 7% during mid-day trading on Wednesday . The company traded as high as $5.05 and last traded at $5.02, with a volume of 101,777 shares traded. The stock had previously closed at $4.69.
Separately, Taglich Brothers cut Cemtrex from a “buy” rating to a “speculative buy” rating in a report on Friday, July 1st.
The stock has a 50-day moving average price of $4.82 and a 200 day moving average price of $3.00. The company has a market cap of $46.05 million and a price-to-earnings ratio of 11.7069.
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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