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

Cemtrex (NASDAQ:CETX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Cemtrex Stock Performance

Shares of CETX stock traded down $0.07 during mid-day trading on Tuesday, reaching $2.63. The stock had a trading volume of 47,216 shares, compared to its average volume of 160,240. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68. Cemtrex has a 12-month low of $2.40 and a 12-month high of $12,096.00. The business has a 50-day simple moving average of $3.28 and a 200 day simple moving average of $7.32.

About Cemtrex

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.