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

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Saturday. The firm issued a sell rating on the industrial products company’s stock.

Cemtrex Stock Down 29.1 %

CETX stock opened at $0.29 on Friday. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35. The company’s 50 day simple moving average is $0.32 and its 200-day simple moving average is $0.65. Cemtrex has a 12 month low of $0.27 and a 12 month high of $389.40. The firm has a market capitalization of $3.09 million, a PE ratio of 0.01 and a beta of 1.84.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) EPS for the quarter. Cemtrex had a negative net margin of 19.64% and a negative return on equity of 183.95%. The company had revenue of $14.69 million for the quarter.

Cemtrex Company Profile

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.