Cemtrex Inc (CETX) CEO Acquires $20,160.00 in Stock
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.
Separately, ValuEngine lowered shares of Cemtrex from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
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).
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