Cemtrex (NASDAQ:CETX) Shares Cross Below 50 Day Moving Average of $3.58

Shares of Cemtrex, Inc. (NASDAQ:CETX) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.58 and traded as low as $1.65. Cemtrex shares last traded at $1.69, with a volume of 123,546 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Cemtrex in a research report on Friday. They issued a “hold” rating for the company.

Cemtrex Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.64 and a current ratio of 0.92. The business has a fifty day moving average of $3.52 and a 200 day moving average of $4.30.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Monday, February 12th. The industrial products company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.29). The firm had revenue of $16.88 million during the quarter, compared to analysts’ expectations of $15.79 million. Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. During the same period in the previous year, the company earned ($3.99) 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.