Cemtrex (NASDAQ:CETX) Lowered to “Hold” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Cemtrex (NASDAQ:CETX – Free Report) from a buy rating to a hold rating in a report released on Saturday.

Cemtrex Stock Performance

Shares of NASDAQ CETX opened at $1.21 on Friday. The stock has a market cap of $2.15 million, a price-to-earnings ratio of 0.00 and a beta of 1.61. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. Cemtrex has a 1-year low of $0.85 and a 1-year high of $381.57. The stock’s 50-day moving average is $1.20 and its 200 day moving average is $1.45.

Cemtrex (NASDAQ:CETX – Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The industrial products company reported ($1.78) earnings per share for the quarter. The firm had revenue of $16.97 million for the quarter. Cemtrex had a negative net margin of 26.92% and a negative return on equity of 458.07%.

Hedge Funds Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC purchased a new position in shares of Cemtrex Inc. (NASDAQ:CETX – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned about 0.78% of Cemtrex at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.97% of the company’s stock.

About Cemtrex

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Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.

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