Cemtrex (NASDAQ:CETX) Cut to “Hold” at StockNews.com

Cemtrex (NASDAQ:CETX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Cemtrex Price Performance

NASDAQ:CETX traded down $0.07 during trading hours on Wednesday, hitting $2.33. 27,747 shares of the company were exchanged, compared to its average volume of 129,311. Cemtrex has a one year low of $2.30 and a one year high of $12,096.00. The company has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $7.08. 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 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.