|Bid||0.0000 x 1100|
|Ask||0.0000 x 1100|
|Day's Range||1.4000 - 1.5100|
|52 Week Range||1.2000 - 13.1200|
|Beta (3Y Monthly)||2.44|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.00|
New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- – Cemtrex Inc., (CETX, CETXP, CETXW) will be presenting at the RHK Capital 4th Annual Disruptive Growth Conference in on Thursday September 5th, 2019 at 2:00 pm EST. The Conference will be held at 599 Lexington Avenue, 22nd floor, New York, NY. Cemtrex’s Chairman and CEO, Saagar Govil, will be making the presentation and discussing the Company’s recent developments such as the sale of the Company’s EMS segment and other growth opportunities.
New York, NY, Aug. 22, 2019 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, announced today that it has completed the sale of its EMS business, ROB Cemtrex. ROB Cemtrex provides end to end electronic manufacturing services, which includes product design and sustaining engineering services, printed circuit board assembly and production, cabling and wire harnessing, systems integration, comprehensive testing services and completely assembled electronic products. Cemtrex’s CEO and Chairman, Saagar Govil, commented, “The sale of ROB represents an important step in successfully delivering our strategy.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. iBio (NYSE: IBIO ) shares were down 14% to ...
The bullish start to the week fizzled out on Tuesday, despite mostly-optimistic chatter. Credit Suisse's "recession dashboard" says there's not one in sight. "Key signals such as labor and credit trends remain quite healthy," explains Credit Suisse chief U.S. equity strategist Jonathan Golub.And, while he laments it, fund manager Kyle Bass made the case that central banks are going to continue doing anything and everything they can to keep the global economy propped up. JPMorgan's global head of quantitative and derivatives strategy Marko Kolanovic even went as far as saying last week's temporary inversion of the yield curve wasn't the cause for worry it might normally be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDisruption in Europe may have been the crux of the weakness. The United Kingdom may postpone the selection of the Bank of England's next governor until after Brexit, though Brexit itself remains up in the air. In Italy, Prime Minister Giuseppe Conte announced his resignation, simultaneously criticizing Deputy Prime Minister Matteo Salvini for calling for the no-confidence vote that led to his exit.Both cast a cloud of uncertainty over Europe, which was already struggling to maintain economic growth. * 10 Undervalued Stocks With Breakout Potential All told, the S&P 500 snapped a three-day win streak with its 0.53% setback on Tuesday. The Dow Jones Industrial Average wasn't quite as damaged, falling 0.37%, while the NASDAQ Composite ended the day 0.45% lower. Top News in the Stock Market TodayIt had little impact on shares, but it's a developing story that could matter more in the future. That is, on Tuesday, a string of personnel exits from the healthcare arm being developed by Apple (NASDAQ:AAPL) was thrust into the spotlight. The report named six key people who'd left the company in recent months, reportedly frustrated about the direction Apple's health business was moving. Some employees interviewed anonymously suggested tensions had been mounting for some time. The disruption calls into question how much traction Apple's health initiatives will garner in the foreseeable future.Walt Disney Company (NYSE:DIS) joined General Electric (NYSE:GE) as a recent accusee of misleading accounting, though in this case, the red flag is being waved by a former insider. Sandra Kuba, formerly a senior financial analyst with Disney that was terminated in 2017, suggested the entertainment giant had habitually reported more revenue than it had actually generated. Kuba went as far as to formally inform the Securities and Exchange Commission.Walt Disney denied the accusation, and given the small gain DIS stock mustered on an otherwise bearish day, investors aren't concerned.Investors are concerned about Sarepta Therapeutics (NASDAQ:SRPT), however, after the Food and Drug Administration responded to its most recent drug approval request with less than open arms. The FDA sent a so-called Complete Response Letter to Sarepta regarding concerns and questions it had about its Duchenne muscular dystrophy drug that's been in development for years.The letter is not a rejection, but it does suggest the FDA is so far unconvinced that the drug is worth greenlighting. SRPT stock fell more than 15% on the news. Big MoversDespite its clear capacity to put and keep itself in the spotlight, "meatless" meat company Beyond Meat (NASDAQ:BYND) hasn't impressed the analyst community. Until Tuesday, no analyst was willing to call the stock a "Buy" … that is, until today. JPMorgan analyst Ken Goldman upgraded BYND stock to that rating, explaining "We are encouraged that velocity -- sales per distribution point -- has been the primary driver of recent acceleration, as it suggests the products are catching on with consumers."The call pushed Beyond Meat shares up by more than 6%.It's not much of a household name, but for households that own a piece of electronics manufacturer Cemtrex (NASDAQ:CETX), that stake is worth 36% more today. Shares jumped nearly 30% in regular-hours action on Tuesday following an impressive second quarter report that saw an additional 6% advance in after-hours action. The promise of real profits within the next few quarters fanned the bullish flames.Not every big mover was necessarily a winner though. Madison Square Garden (NYSE:MSG) tumbled nearly 9% after the company's second-quarter bottom line fell short of estimates. Its new project in Las Vegas is proving costly but not fruitful.As of the time of this writing, James Brumley did not hold a position in any of the aforementioned securities. To learn more about James, visit his site at jamesbrumley.com, or follow him on twitter at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Stock Market Today: Beyond Meat Makes a Friend on Wall Street appeared first on InvestorPlace.
Shares of Cemtrex Inc. shot up 71% on heavy volume to pace all Nasdaq gainers Tuesday, after the provider of manufacturing services and engineered electronics reported a narrower second-quarter loss, a rise in revenue and said it expects improvement to profitability over the next few quarters. Trading volume jumped to over 10.6 million shares, compared with the full-day average of about 342,000 shares. The net loss narrowed to $3.1 million, or $1.59 a share, from $4.1 million, or $2.41 a share, in the same period a year ago, while total revenue grew to $22.45 million from $19.16 billion. The company said expenses increased during the quarter because of one-time finance and legal charges. "We have implemented a number of changes in our organization to focus on increasing cash flow from operations which have already started to materialize," said Chief Executive Saagar Govil. The stock has still tumbled 44% year to date, while the Nasdaq Composite has climbed 20% and the S&P 500 has gained 16%.
Cemtrex Inc. (Nasdaq: CETX, CETXW, CETXP), a leading global technology company, announced its second quarter consolidated results of operations for the three and six months ended June 30, 2019. Total revenue for the three months ended June 30, 2019 and 2018 was $22,452,050 and $19,164,314, respectively, an increase of $3,287,736, or 17%. Total revenue in the second quarter increased, as compared to total revenue in the same period last year, primarily due to new revenues in the Advanced Technologies Segment. Gross Profit for the three months ended June 30, 2019 was $8,571,576 or 38% of revenues as compared to gross profit of $7,263,415 or 38% of revenues for the three months ended June 30, 2018.
The big shareholder groups in Cemtrex, Inc. (NASDAQ:CETX) have power over the company. Insiders often own a large...
Long Island City, NY, July 30, 2019 (GLOBE NEWSWIRE) -- - Cemtrex today announced that their subsidiary, CemtrexLabs (cemtrexlabs.com), has been ranked as one of the world’s top small business web developers by Clutch, one of the world’s largest B2B ratings and reviews sites in the world. CemtrexLabs delivers cutting edge technology solutions to help businesses grow through digital transformations, mobile experiences and technological innovation. CemtrexLabs has served hundreds of companies, ranging from small businesses to globally recognized brands, delivering a wide-range of technologies from augmented and virtual reality experiences, mobile apps, websites and business-critical web portals.
Long Island City, NY, July 30, 2019 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that, through its subsidiary, Advanced Industrial Services Inc. (“AIS”, www.ais-york.com), it has received new orders with several marquee customers in packaging and packaging OEMs in recent months. This calendar year, the Company is now on pace to see its packaging industry related revenues increase by 10% from 2018 when the annual sales derived from the package industry were just shy of $5,000,000. AIS provides industrial contracting services for various package handling equipment OEMs, facilities, and warehouses for companies involved in package handling equipment, corrugated manufacturing equipment, cardboard box manufacturing, plastic laminates and film printing equipment, food packaging, cartons and trays, glues and adhesives, label printing, among others.
A shift in consumer behavior has pushed a number of luxury brands to improve their online presence and adopt new technology, with companies eager to profit from e-commerce sales. By 2022, e-commerce will ...
Cemtrex (NASDAQ: CETX ) has developed an immersive augmented reality experience for seven luxury brands housed under Richemont, Arcadium. Arcadium’s augmented reality experience is custom engineered and ...
Long Island City, NY, July 11, 2019 (GLOBE NEWSWIRE) -- - Cemtrex (Nasdaq: CETX, CETXP, CETXW), a leading technology company, today announced it has developed for luxury brands housed under Richemont, Arcadium - an upcoming immersive augmented reality (AR) experience featuring seven innovative experiences. Arcadium’s augmented reality experience is custom engineered and designed by Cemtrex for Cartier, Jaeger-LeCoultre, Montblanc, Officine Panerai, Piaget, Vacheron Constantin and IWC Shaffhausen.
Long Island City, NY, June 28, 2019 -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology and manufacturing company, announced today announced that.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Cemtrex, Inc. (NASDAQ: CETX ) shares were ...
Long Island City, NY, June 27, 2019 -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology and manufacturing company, announced today that the company.
Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that is has completed the development of a major augmented reality application for the King Abdulaziz Center for National Dialogue (KACND) in Saudi Arabia. The application gives visitors an innovative and interactive experience when visiting the Center, allowing them to unveil secrets while interacting with various rooms around the venue and the community around them. Augmented reality applications for mobile devices is a rapidly growing industry.
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, today announced that previously announced 6:1 reverse split of its outstanding common shares has been changed by the Company’s board of directors to 8:1, effective at 9:00 a.m., EDT, on June 13, 2019. The Company’s board of directors changed the reverse stock split ratio to ensure that the Company shall meet with NASDAQ’s compliance requirement for maintaining its common stock on the exchange. The Company's common stock will continue to trade under the symbol "CETX".
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, today announced that the court has approved the previously announced settlements in the alleged securities class action lawsuit and related shareholder derivative litigations, filed in the Eastern District of New York and New York state court. Under the class action settlement, the Company specifically denies any liability or that it has engaged in any wrongdoing. On behalf of the defendants, the Company’s insurer will pay $625,000 to the class of plaintiffs to resolve all claims asserted or could have been asserted in the litigation.
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, today announced that effective at 9:00 a.m., EDT, on June 13, 2019, the Company will effect a six-for-one reverse stock split of its outstanding common stock. The reverse stock split is primarily intended to bring the Company into compliance with the minimum average closing share price requirement for maintaining its listing on the Nasdaq Capital Market. The Company's common stock will continue to trade under the symbol "CETX".
Cemtrex Inc. (CETX), a leading global technology company, announced its second quarter consolidated results of operations for the three and six months ended March 31, 2019. Total Revenue for the three months ended March 31, 2019 and 2018 was $23,607,497 and $20,413,296, respectively, an increase of $3,194,201, or 16%. Total revenue in the second quarter increased, as compared to total revenue in the same period last year, primarily due to new revenues in the Advanced Technologies Segment, which had no revenues during the same period last year.
Fuel Tech's (FTEK) APC segment will benefit from solid pipeline of contract opportunities for its technology suite, business relationships with industrial end-users & greater operational efficacy.
Long Island City, NY, April 09, 2019 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, today announced that it has added NASDAQ, Inc. and Henry Schein, Inc as its latest SmartDesk Enterprise clients. Both companies have bought SmartDesks to evaluate the product for widescale use in their organizations. NASDAQ is one the world’s most recognized companies, operating many of the world’s stock market exchanges, with over 4500 employees globally.
Long Island City, NY, April 03, 2019 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, today announced that the Company is developing a new SmartDesk, that will have similar features of the current SmartDesk except it will allow users to dock their existing laptop or desktop computer. Development for this version is currently underway and the Company expects to have it available in the market to purchase by Fall 2019. This new SmartDesk will allow users to connect their own laptop or desktop computer to the workstation via one USB port and enjoy similar functionality that the current SmartDesk provides.