Cemtrex (CETX) Sets New 12-Month Low at $1.11

Cemtrex Inc (NASDAQ:CETX) reached a new 52-week low on Tuesday . The stock traded as low as $1.11 and last traded at $1.22, with a volume of 2053 shares trading hands. The stock had previously closed at $1.27.

Several equities research analysts have weighed in on the stock. TheStreet cut shares of Cemtrex from a “c” rating to a “d” rating in a research report on Wednesday, September 12th. ValuEngine upgraded shares of Cemtrex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd.

The company has a quick ratio of 1.67, a current ratio of 2.40 and a debt-to-equity ratio of 0.25.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Tuesday, August 14th. The industrial products company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.15). Cemtrex had a negative net margin of 0.04% and a negative return on equity of 0.09%. The company had revenue of $19.16 million during the quarter, compared to analyst estimates of $20.85 million. Analysts expect that Cemtrex Inc will post -0.45 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Cemtrex stock. Renaissance Technologies LLC lifted its holdings in shares of Cemtrex Inc (NASDAQ:CETX) by 32.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,138 shares of the industrial products company’s stock after buying an additional 50,700 shares during the quarter. Renaissance Technologies LLC owned about 1.80% of Cemtrex worth $435,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.05% of the company’s stock.

About Cemtrex (NASDAQ:CETX)

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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