Cemtrex (NASDAQ:CETX) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Cemtrex Inc. (NASDAQ:CETX) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.74 and traded as low as $2.49. Cemtrex shares last traded at $2.54, with a volume of 18,143 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Cemtrex from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cemtrex presently has an average rating of “Sell”.

Cemtrex Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 1.54. The company has a market cap of $2.70 million, a price-to-earnings ratio of -0.03 and a beta of 2.12. The business has a fifty day moving average price of $2.72 and a 200 day moving average price of $6.11.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings results on Friday, August 14th. The industrial products company reported ($3.19) EPS for the quarter, beating analysts’ consensus estimates of ($3,087,000.00) by $3,086,996.81. The company had revenue of $18.44 million during the quarter, compared to analysts’ expectations of $8.29 million. Cemtrex had a negative return on equity of 129.15% and a negative net margin of 38.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CETX. Millennium Management LLC bought a new position in shares of Cemtrex in the 4th quarter worth $70,000. Engineers Gate Manager LP acquired a new stake in Cemtrex in the 4th quarter valued at $115,000. Finally, Jane Street Group LLC bought a new stake in Cemtrex during the 4th quarter valued at $186,000. 1.97% of the stock is owned by institutional investors.

About Cemtrex

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.