StockNews.com Initiates Coverage on Cemtrex (NASDAQ:CETX)

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research report released on Tuesday. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Performance

Shares of Cemtrex stock opened at $0.20 on Tuesday. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.57 and a quick ratio of 1.16. Cemtrex has a twelve month low of $0.19 and a twelve month high of $7.42. The company’s fifty day moving average is $0.28 and its 200 day moving average is $2.15.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Tuesday, May 14th. The industrial products company reported ($1.46) earnings per share for the quarter. Cemtrex had a negative return on equity of 74.68% and a negative net margin of 7.64%. The business had revenue of $17.16 million during the quarter. During the same quarter last year, the company posted ($0.75) earnings per share.

About Cemtrex

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.