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

Cemtrex, Inc. (NASDAQ:CETX)’s stock is scheduled to reverse split on the morning of 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 closing bell on Monday, November 25th.

Cemtrex Stock Performance

Shares of NASDAQ CETX traded down $0.08 during mid-day trading on Friday, reaching $0.11. The company’s stock had a trading volume of 24,063,364 shares, compared to its average volume of 1,838,290. Cemtrex has a 52 week low of $0.11 and a 52 week high of $389.40. The company has a debt-to-equity ratio of 48.20, a quick ratio of 1.35 and a current ratio of 1.89. The stock has a fifty day moving average of $0.36 and a two-hundred day moving average of $0.28.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Cemtrex in a research note on Wednesday. They set 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.