Cemtrex (NASDAQ:CETX) Issues Earnings Results

Cemtrex (NASDAQ:CETX) released its quarterly earnings results on Tuesday. The industrial products company reported ($7.91) earnings per share (EPS) for the quarter, Zacks reports. Cemtrex had a negative return on equity of 524.31% and a negative net margin of 36.75%.

Cemtrex Trading Up 0.7%

Shares of NASDAQ:CETX traded up $0.01 during midday trading on Tuesday, reaching $1.41. The company had a trading volume of 447,758 shares, compared to its average volume of 3,078,898. The company has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $6.78. The firm has a market cap of $12.13 million, a price-to-earnings ratio of -0.01 and a beta of 1.39. Cemtrex has a 1-year low of $1.36 and a 1-year high of $42.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cemtrex in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Jane Street Group LLC bought a new position in Cemtrex Inc. (NASDAQ:CETX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 71,660 shares of the industrial products company’s stock, valued at approximately $186,000. Jane Street Group LLC owned 0.83% of Cemtrex as of its most recent SEC filing. 1.97% of the stock is currently owned by institutional investors and hedge funds.

About Cemtrex

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.