Shares of Cemtrex Inc (NASDAQ:CETX) were down 8.4% on Wednesday . The stock 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 downgraded shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.

The firm has a 50 day moving average of $5.03 and a 200-day moving average of $3.15. The company has a market cap of $48.27 million and a P/E ratio of 12.27.

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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