Cemtrex Inc. (CETX)

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Why is Cemtrex Inc. (CETX) Stock down?

We've noticed a 73.20% decline in Cemtrex Inc. (CETX) stock during the 2024-05-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

22 Dec, 2023:

Shares of Cemtrex Inc. (CETX) dropped by 16.95% from $6.49 to $5.39 in the trading on Friday, December 22, 2023. The reason why CETX down today is due to mixed fourth quarter 2023 results with EPS beating estimates but revenue slightly missing estimates. While gross margin expanded year-over-year, revenue growth has slowed compared to previous quarters which has disappointed analysts and investors.