Cemtrex Stock Set to Reverse Split on Tuesday, November 26th (NASDAQ:CETX)

Cemtrex, Inc. (NASDAQ:CETX)’s stock is scheduled to reverse split on Tuesday, November 26th. The 1-35 reverse split was announced on Thursday, November 21st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 25th.

Cemtrex Stock Performance

Shares of NASDAQ CETX traded down $0.08 during trading on Friday, hitting $0.11. 24,063,364 shares of the company traded hands, compared to its average volume of 1,838,290. Cemtrex has a 1 year low of $0.11 and a 1 year high of $389.40. The company has a 50-day moving average price of $0.36 and a 200-day moving average price of $0.28. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Cemtrex in a report on Wednesday. They issued a “sell” rating on the stock.

Cemtrex 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.