CEMATRIX (CVE:CVX) Upgraded to “Strong-Buy” by Clarus Securities

CEMATRIX (CVE:CVX) was upgraded by research analysts at Clarus Securities to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports.

CEMATRIX Stock Down 4.0 %

CEMATRIX stock traded down C$0.02 during trading hours on Friday, hitting C$0.36. 60,500 shares of the stock traded hands, compared to its average volume of 148,361. CEMATRIX has a one year low of C$0.18 and a one year high of C$0.45. The company has a market cap of C$48.70 million, a PE ratio of 36.00 and a beta of 0.86. The firm’s 50-day moving average price is C$0.36 and its two-hundred day moving average price is C$0.31. The company has a current ratio of 2.15, a quick ratio of 1.97 and a debt-to-equity ratio of 11.29.

CEMATRIX (CVE:CVX) last issued its quarterly earnings results on Wednesday, April 10th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$19.55 million for the quarter. CEMATRIX had a return on equity of 4.37% and a net margin of 2.32%. On average, research analysts forecast that CEMATRIX will post 0.0229277 EPS for the current year.

About CEMATRIX

CEMATRIX Corporation, through its subsidiaries, focuses on the sale and onsite production of cellular concrete for various applications in the infrastructure, industrial, and commercial construction markets in North America. Its cellular concrete products are used as lightweight backfill for MSE walls, bridge approach fills, roadways and runways, and slope stabilization; insulation material for oil and gas facility slabs, roadways, shallow utilities, and contaminated site remediation; and grout, such as tunnel grouting, annular pipe grout, and pipe abandonment, as well as flowable fills applications.