StockNews.com has recently provided coverage on Cemtrex (NASDAQ:CETX) and assigned a “hold” rating to the industrial products company’s stock. On Thursday, Cemtrex’s shares experienced a decline of 5.9%. The stock opened at $0.09, with a 52-week low of $0.09 and a 52-week high of $6.49. Cemtrex’s fifty-day moving average stands at $0.15, while its two-hundred-day moving average is $0.93.
Cemtrex, Inc. operates as a technology company both in the United States and internationally. It is divided into three segments: Security, Industrial Services, and Cemtrex Corporate. The company offers a range of security and surveillance solutions, including browser-based video monitoring, analytics-based recognition systems, cameras, servers, and access control systems. These solutions are utilized in various industrial and commercial facilities, federal prisons, hospitals, universities, schools, and government offices at both federal and state levels. Cemtrex also provides critical security and video surveillance solutions that incorporate artificial intelligence-based data algorithms.
In its most recent quarterly earnings report released on August 14th, Cemtrex reported an earnings per share (EPS) of ($0.18) for the quarter. The company’s net margin was negative at 19.64%, and it experienced a negative return on equity of 183.95%. During the quarter, Cemtrex generated revenue of $14.69 million.
It is worth noting that StockNews.com has identified five stocks that it believes are more favorable than Cemtrex. Additionally, the article provides insights on using high beta stocks to maximize investing profits, the current resistance faced by the S&P 500, and how investors can identify and trade gap-down stocks successfully. Nike’s post-earnings drop is also discussed as a potential buying opportunity, along with an explanation of consumer staples stocks. Microsoft’s targeted upside is highlighted as an attractive prospect for investors.