Cemtrex Inc (CETX) Shares Up 10.2%
Cemtrex Inc (NASDAQ:CETX) shot up 10.2% during mid-day trading on Monday . The stock traded as high as $4.34 and last traded at $4.32, with a volume of 204,332 shares changing hands. The stock had previously closed at $3.92.
Separately, Taglich Brothers cut shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.
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The firm has a 50 day moving average of $5.09 and a 200 day moving average of $3.21. The firm has a market cap of $40.56 million, a P/E ratio of 10.31 and a beta of -0.31.
Cemtrex, Inc is a diversified industrial and manufacturing company. The Company operates in a range of business segments and provides solutions to manufacturing industries. The Company provides electronic manufacturing services of electronic system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems.
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