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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Updated Research Report (Dated 02/27/2019)

Symbol: CETX
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $1.50
Time Horizon: 12 Months
Rating Established: May 23, 2017
Price When Established: $3.72
Most Recent Report: February 27, 2019
Price When Issued: $0.62

What's New

Cemtrex Announces Reverse Split to Regain NASDAQ Compliance

On May 24, 2019, Cemtrex, Inc. (NASDAQ: CETX) announced that 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. Cemtrex’ common stock will continue to trade under the symbol CETX.

Cemtrex Reports 2Q19 Results

On May 20, 2019, Cemtrex, Inc. (NASDAQ: CETX) reported results for its second quarter ended March 31, 2019.

For 2Q19, the company reported that revenues increased 15.6% to $23.6 million from $20.4 million in 2Q18. The loss per share was $(0.14) compared to EPS of $0.04 in 2Q18.

Taglich Brothers estimates were for 2Q19 revenue of $22.9 million and a loss per share of $(0.29).

Company Description

Headquartered in Farmingdale, NY, Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial maintenance services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling emissions.

Company Reports

Updated Research Report (Dated February 27, 2019)

Updated Research Report (Dated January 28, 2019)

Updated Research Report (Dated September 24, 2018)

Updated Research Report (Dated July 11, 2018)

Updated Research Report (Dated February 26, 2018)

Updated Research Report (Dated December 21, 2017)

Updated Research Report (Dated September 6, 2017)

Updated Research Report (Dated May 23, 2017)

Updated Research Report (Dated February 28, 2017)

Updated Research Report (Dated February 1, 2017)

Updated Research Report (Dated September 13, 2016)

Updated Research Report (Dated July 1, 2016)

Initial Research Report (Dated March 4, 2016)


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