Cemtrex Inc. (Nasdaq: CETX) Shares Up Big on Earnings Increase

Cemtrex Inc.; Nasdaq: CETX

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.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Ticker Symbol CETX
Last Price a/o 9:55 AM EST  $               5.71
Average Volume 216,500
Market Cap $50.26 million
Sales $71 million
Shares Outstanding 10.45 million
Share Float 4.97 million
Shortable Yes
Optionable No
Inside Ownership 70.91%
Short Float 1.74%
Short Interest Ratio 0.4
Quarterly Return 17.32%
YTD Return 103.81%
Year Return 83.59%

Author: Steve Clark

Steve Clark is a 23 year Wall St professional with stints in M&A, risk management, and algorithm trading.

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