Could Cemtrex Inc (CETX) Change Direction After Today’s Huge Increase?

September 17, 2017 - By Darrin Black

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.

Wall Street await Cemtrex Inc (NASDAQ:CETX) to release earnings on December, 28. Analysts forecast earnings per share of $0.03, down exactly $0.20 or 86.96 % from 2014’s $0.23 EPS. The expected CETX’s profit could reach $307,433 giving the stock 27.92 P/E in the case that $0.03 earnings per share is reported. After posting $0.11 EPS for the previous quarter, Cemtrex Inc’s analysts now forecast -72.73 % negative EPS growth.

More notable recent Cemtrex Inc (NASDAQ:CETX) news were published by: Prnewswire.com which released: “Cemtrex, Inc. (CETX) FY 2017 Q1 Net Income Up 103%, EBITDA up 138% and EPS …” on February 09, 2017, also Globenewswire.com with their article: “Cemtrex Establishes New Advanced Electronics Subsidiary to Develop Proprietary …” published on July 12, 2017, Marketwatch.com published: “7.8185” on March 06, 2017. More interesting news about Cemtrex Inc (NASDAQ:CETX) were released by: Seekingalpha.com and their article: “My Top Long For 2017: Cemtrex” published on January 05, 2017 as well as Prnewswire.com‘s news article titled: “RM LAW Announces Investigation of Cemtrex, Inc.” with publication date: February 22, 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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