Cemtrex (NASDAQ:CETX – Get Free Report) issued its quarterly earnings data on Friday. The industrial products company reported ($16.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $42.00 by ($58.15), Zacks reports. Cemtrex had a negative net margin of 10.80% and a negative return on equity of 85.66%.
Cemtrex Price Performance
NASDAQ:CETX opened at $2.15 on Friday. The firm’s 50-day moving average price is $2.86 and its 200-day moving average price is $6.84. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 2.68. Cemtrex has a 1-year low of $2.12 and a 1-year high of $12,096.00.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Cemtrex from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.
Cemtrex Company Profile
Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.
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