Cemtrex, Inc. (NASDAQ:CETX – Get Free Report) passed 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 changing hands.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Cemtrex in a research report on Friday. They issued a “hold” rating on the stock.
Check Out Our Latest Research Report on CETX
Cemtrex Trading Up 1.2 %
Cemtrex (NASDAQ:CETX – Get Free Report) last released its 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). Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. The firm had revenue of $16.88 million during the quarter, compared to analysts’ expectations of $15.79 million. During the same quarter last year, the business earned ($3.99) EPS.
Cemtrex Company Profile
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.
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