Cemtrex (NASDAQ:CETX) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETXGet Rating) in a research note published on Friday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Shares of CETX opened at $0.38 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.80 and a debt-to-equity ratio of 0.31. Cemtrex has a 1 year low of $0.36 and a 1 year high of $2.56. The company has a 50 day simple moving average of $0.60 and a two-hundred day simple moving average of $0.83.

Cemtrex (NASDAQ:CETXGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter. Cemtrex had a negative net margin of 23.56% and a negative return on equity of 22.81%. The company had revenue of $10.67 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of CETX. Renaissance Technologies LLC lifted its position in Cemtrex by 85.9% in the fourth quarter. Renaissance Technologies LLC now owns 153,334 shares of the industrial products company’s stock worth $126,000 after buying an additional 70,834 shares during the last quarter. Virtu Financial LLC bought a new stake in Cemtrex in the fourth quarter worth $115,000. Finally, Morgan Stanley lifted its position in Cemtrex by 703.6% in the third quarter. Morgan Stanley now owns 73,389 shares of the industrial products company’s stock worth $85,000 after buying an additional 64,256 shares during the last quarter. Hedge funds and other institutional investors own 4.72% of the company’s stock.

About Cemtrex (Get Rating)

Cemtrex, Inc operates as a technology company in the United States and internationally. The company operates through Advanced Technologies and Industrial Services segments. The Advanced Technologies segment provides Internet of Things products and smart devices under the SmartDesk name for mobile, web, virtual and augmented reality, wearables, and television markets; and security and video surveillance solutions, and virtual and augmented reality solutions for various commercial and industrial applications.

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