Cemtrex Inc. – Nasdaq: CETX
StockNewsUnion first covered Cemtrex Inc on December 22, 2016 when it was trading at $5.71. Today CETX traded at $8.00. The following is our original story:
Shares of Farmingdale, NY-based Cemtrex Inc. are up 20% in early trading on heavy volume. This morning Cemtrex, traded on the Nasdaq under ticker symbol CETX, announced a 65% revenue increase over the same period in 2015. EBITDA increased 120%.
Cemtrex provides manufacturing services of advanced custom engineered electronics; industrial contracting services; monitoring instruments for industrial processes and environmental compliance: and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.
On December 20, 2016 Cemtrex’s chairman and CEO, Saagar Govil, commented: “We are extremely thrilled at the response we saw from investors at the LD Micro Main Event conference. Additionally, we are excited about the domestic infrastructure spending agenda of the new Trump administration which will create tremendous opportunities for many of our business segments and hence combined with our strategic M&A program, we are extremely bullish about future prospects at Cemtrex.”
In 2015 Cemtrex Inc. reported $0.42 EPS on sales of $56.9 million – both highs since 2011. The sole analysts that covers Centrex rates CETX as a “Buy”. The analyst expects EPS growth for 2017 of 27.45% over 2016 EPS.
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