Cemtrex Stock Scheduled to Reverse Split on Tuesday, November 26th (NASDAQ:CETX)

Shares of Cemtrex, Inc. (NASDAQ:CETX) are set to reverse split before the market opens on Tuesday, November 26th. The 1-35 reverse split was announced on Thursday, November 21st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 25th.

Cemtrex Stock Down 41.6 %

NASDAQ:CETX traded down $0.08 during mid-day trading on Friday, hitting $0.11. 24,063,364 shares of the company’s stock were exchanged, compared to its average volume of 1,838,290. The company has a 50 day simple moving average of $0.36 and a 200-day simple moving average of $0.28. Cemtrex has a fifty-two week low of $0.11 and a fifty-two week high of $389.40. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Cemtrex in a report on Wednesday. They issued a “sell” rating on the stock.

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.