Equities research analysts at StockNews.com have recently provided coverage on Cemtrex, an industrial products company listed on NASDAQ under the ticker symbol CETX. In their research note issued to investors on Wednesday, the analysts assigned a “hold” rating to the company’s stock.
Cemtrex’s shares opened at $0.15 on Wednesday, with a 12-month low of $0.14 and a 12-month high of $6.49. The company currently holds a market capitalization of $1.58 million, a P/E ratio of 0.27, and a beta of 1.84. Its 50-day moving average stands at $0.16, while the two-hundred day moving average is $1.05. Cemtrex has a quick ratio of 1.35, a current ratio of 1.89, and a debt-to-equity ratio of 48.20.
On August 14th, Cemtrex announced its earnings results for the quarter, reporting an earnings per share (EPS) of ($0.18). The company experienced a negative return on equity of 183.95% and a negative net margin of 19.64%. Its quarterly revenue amounted to $14.69 million.
Cemtrex, Inc operates as a technology company both in the United States and internationally. It operates through 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 federal and state government offices. Cemtrex also provides critical security and video surveillance solutions that incorporate artificial intelligence-based data algorithms.