Cemtrex (CETX) Reaches New 52-Week Low at $2.60
Cemtrex Inc (NASDAQ:CETX)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $2.60 and last traded at $2.67, with a volume of 64200 shares trading hands. The stock had previously closed at $2.69.
The stock has a market capitalization of $26.65, a P/E ratio of 5.00 and a beta of -0.50. The company has a current ratio of 2.55, a quick ratio of 1.66 and a debt-to-equity ratio of 0.26.
A number of institutional investors have recently made changes to their positions in CETX. AJO LP bought a new position in Cemtrex during the second quarter valued at approximately $268,000. Macquarie Group Ltd. bought a new position in Cemtrex during the third quarter valued at approximately $147,000. Finally, Dimensional Fund Advisors LP bought a new position in Cemtrex during the second quarter valued at approximately $122,000. 5.50% of the stock is owned by institutional investors.
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Cemtrex Company Profile
Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.
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