Cemtrex (CETX) Sees Large Volume Increase

Cemtrex Inc (NASDAQ:CETX) saw an uptick in trading volume on Wednesday . 1,299,551 shares traded hands during trading, an increase of 615% from the previous session’s volume of 181,722 shares.The stock last traded at $3.04 and had previously closed at $2.82.

The company has a market capitalization of $30.92, a P/E ratio of 5.85 and a beta of -0.50. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.24.

An institutional investor recently bought a new position in Cemtrex stock. Dimensional Fund Advisors LP bought a new position in shares of Cemtrex Inc (NASDAQ:CETX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,965 shares of the industrial products company’s stock, valued at approximately $122,000. Dimensional Fund Advisors LP owned approximately 0.34% of Cemtrex at the end of the most recent quarter. Institutional investors own 5.34% of the company’s stock.

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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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