Cemtrex Inc (NASDAQ:CETX)’s share price traded down 8.4% during mid-day trading on Wednesday . The company traded as low as $5.01 and last traded at $5.02, with a volume of 193,813 shares traded. The stock had previously closed at $5.48.

Separately, Taglich Brothers cut shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a research note on Friday, July 1st.

The stock has a 50-day moving average price of $4.98 and a 200 day moving average price of $3.12. The stock has a market cap of $48.09 million and a P/E ratio of 12.22.

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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