Cemtrex Inc (NASDAQ:CETX) CEO Saagar Govil bought 12,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were bought at an average price of $1.68 per share, with a total value of $20,160.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CETX remained flat at $$1.65 during mid-day trading on Friday. 140,327 shares of the company’s stock were exchanged, compared to its average volume of 69,529. The stock has a market cap of $19.63 million, a price-to-earnings ratio of 3.17 and a beta of -0.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.67 and a current ratio of 2.40. Cemtrex Inc has a 1-year low of $1.63 and a 1-year high of $3.57.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, August 14th. The industrial products company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.15). The company had revenue of $19.16 million for the quarter, compared to analysts’ expectations of $20.85 million. Cemtrex had a negative net margin of 0.04% and a negative return on equity of 0.09%. research analysts expect that Cemtrex Inc will post -0.19 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Cemtrex stock. Renaissance Technologies LLC grew its holdings in shares of Cemtrex Inc (NASDAQ:CETX) by 485.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,000 shares of the industrial products company’s stock after acquiring an additional 71,300 shares during the period. Renaissance Technologies LLC owned about 0.82% of Cemtrex worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 8.08% of the stock is currently owned by institutional investors.

Separately, ValuEngine lowered shares of Cemtrex from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

About Cemtrex

Cemtrex, Inc provides electronic manufacturing services of electric system assemblies, broad-based industrial services, and industrial air filtration and environmental control equipment and systems worldwide. The company operates in two segments, Electronics Manufacturing Services (EMS) and Industrial Products and Services (IPS).

Further Reading: Marijuana Stocks Investing Considerations

Receive News & Ratings for Cemtrex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemtrex and related companies with MarketBeat.com's FREE daily email newsletter.