In yesterday’s Wall Street session, Cemtrex Inc. (NASDAQ:CETX) shares traded at $0.33, up 9.31% from the previous session.
CETX stock price is now -88.06% away from the 50-day moving average and -92.34% away from the 200-day moving average. The market capitalization of the company currently stands at $0.53M.
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In other news, GOVIL SAAGAR, CEO bought 15,100 shares of the company’s stock on Aug 30 ’23. The stock was bought for $14,380 at an average price of $0.95. Upon completion of the transaction, the CEO now directly owns 132,298 shares in the company, valued at $43658.34. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 25 ’23, CFO GOVIL SAAGAR bought 7,100 shares of the business’s stock. A total of $6,461 was incurred on buying the stock at an average price of $0.91. This leaves the insider owning 116,486 shares of the company worth $38440.38. A total of 6.40% of the company’s stock is owned by insiders.
During the past 12 months, Cemtrex Inc. has had a low of $0.25 and a high of $10.58. As of last week, the company has a debt-to-equity ratio of 6.13, a current ratio of 1.56, and a quick ratio of 1.16.
According to the Software – Infrastructure Company, earnings per share came in at -0.73, missing analysts’ expectations of -0.11 by -0.62. This compares to $0.02 EPS in the same period last year. The net profit margin was -7.66% and return on equity was -89.71% for CETX. The company reported revenue of $17.16 million for the quarter, compared to $16.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.76 percent. For the current quarter, analysts expect CETX to generate $16.39M in revenue.
Cemtrex Inc.(CETX) 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. It also provides services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly; installs high precision equipment in various industrial markets comprising automotive, printing and graphics, industrial automation, packaging, chemicals and others; and provides maintenance and contracting solutions for the machinery, packaging, printing, chemical, and other manufacturing markets. The company was formerly known as Diversified American Holding, Inc. and changed its name to Cemtrex, Inc. in December 2004. Cemtrex, Inc. was incorporated in 1998 and is headquartered in Brooklyn, New York.
