What’s Propelling Cemtrex Inc (CETX) to Increase So Much?

September 17, 2017 - By Nellie Frank

The stock of Cemtrex Inc (NASDAQ:CETX) is a huge mover today! The stock increased 5.02% or $0.16 on September 15, reaching $3.35. About 306,534 shares traded or 98.49% up from the average. Cemtrex Inc (NASDAQ:CETX) has risen 80.19% since September 17, 2016 and is uptrending. It has outperformed by 63.49% the S&P500.
The move comes after 5 months positive chart setup for the $34.33M company. It was reported on Sep, 17 by Barchart.com. We have $3.58 PT which if reached, will make NASDAQ:CETX worth $2.40M more.

Investors wait Cemtrex Inc (NASDAQ:CETX) to report on December, 28. its quarterly earnings Wall Street analysts expect $0.03 earnings per share, down $0.20 or 86.96 % from last year’s $0.23 same quarter earnings. This translates into $307,433 profit for CETX giving the stock a 27.92 P/E. This is assuming the current $0.03 EPS is accurate. Cemtrex Inc’s Wall Street analysts see -72.73 % negative EPS growth, taking into account the $0.11 EPS reproted in the previous quarter,

More notable recent Cemtrex Inc (NASDAQ:CETX) news were published by: Seekingalpha.com which released: “My Top Long For 2017: Cemtrex” on January 05, 2017, also Prnewswire.com with their article: “RM LAW Announces Investigation of Cemtrex, Inc.” published on February 22, 2017, Prnewswire.com published: “Cemtrex, Inc. (CETX) FY 2017 Q1 Net Income Up 103%, EBITDA up 138% and EPS …” on February 09, 2017. More interesting news about Cemtrex Inc (NASDAQ:CETX) were released by: Seekingalpha.com and their article: “Siegfried II: Cemtrex, Inc.” published on April 24, 2017 as well as Globenewswire.com‘s news article titled: “Cemtrex Establishes New Advanced Electronics Subsidiary to Develop Proprietary …” with publication date: July 12, 2017.

Cemtrex, Inc. is a diversified technology company, which provides solutions to industrial and manufacturing needs. The company has market cap of $34.33 million. The Firm provides manufacturing services of electronic system assemblies; provides broad industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems. It has a 7.03 P/E ratio. It operates through two divisions: Electronics Manufacturing Services segment and the Industrial Products & Services (IPS) segment.

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