Cemtrex (CETX) Sets New 12-Month Low at $0.84

Cemtrex Inc (NASDAQ:CETX)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $0.84 and last traded at $0.95, with a volume of 100 shares trading hands. The stock had previously closed at $0.93.

A number of equities analysts have recently commented on CETX shares. ValuEngine upgraded shares of Cemtrex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. TheStreet lowered shares of Cemtrex from a “c” rating to a “d” rating in a research report on Wednesday, September 12th.

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

A hedge fund recently raised its stake in Cemtrex stock. Renaissance Technologies LLC raised its stake in shares of Cemtrex Inc (NASDAQ:CETX) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 256,638 shares of the industrial products company’s stock after purchasing an additional 48,500 shares during the quarter. Renaissance Technologies LLC owned 1.98% of Cemtrex worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.61% of the stock is currently owned by institutional investors.

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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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