Cemtrex (NASDAQ:CETX) Issues Quarterly Earnings Results

Cemtrex (NASDAQ:CETX) released its quarterly earnings data on Friday. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($308,700.00) by $308,700.11, Zacks reports. The firm had revenue of $18.06 million for the quarter, compared to analyst estimates of $8.29 million. Cemtrex had a negative net margin of 25.25% and a negative return on equity of 127.57%.

Cemtrex Price Performance

NASDAQ CETX opened at $0.80 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.96 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $0.90 and a 200 day simple moving average of $2.06. The company has a market cap of $8.06 million, a P/E ratio of 0.01 and a beta of 2.08. Cemtrex has a 1 year low of $0.51 and a 1 year high of $42.60.

Institutional Trading of Cemtrex

Large investors have recently modified their holdings of the company. Millennium Management LLC bought a new stake in Cemtrex in the 4th quarter valued at $70,000. Engineers Gate Manager LP bought a new stake in Cemtrex in the 4th quarter valued at $115,000. Finally, Jane Street Group LLC bought a new stake in Cemtrex in the 4th quarter valued at $186,000. 1.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Cemtrex from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.