This is a manufacturing and diversified technology company. It manufactures advanced electronics that are custom engineered, such as integrated hardware and software solutions, the Internet of Things, system for controlling particulates, wearable devices, and other regulated pollutants. The operations of the company are divided into business segments: Industrial Services and Advanced Technologies. The segment of advanced technologies delivers products in IoT, smart devices, and wearables. For example SmartDesk. It provides development and designing solutions to create a better experience for mobile, augmented and virtual reality, web, wearables, video surveillance, and television. And the Industrial services segments provides single-source services for, millwrighting, rigging, in-plant maintenance, relocation, equipment erection, and disassembly.
The Stock of Cemtrex is called NASDAQ: CETX at https://www.webull.com/quote/nasdaq-cetx . The average stock price is 12.00 with low and high estimates of 12.00. The expert analysts suggest to strongly buy the stock. The volume of the stock is high.
Nasdaq stock market, also called NASDAQ, is a stock exchange located in New York City. It is an American stock exchange. The exchange is ranked second on the stock exchange list by market capitalization of shared trades. New York stock exchange is at the first. The Nasdaq platform is owned by Nasdaq, Inc., which owns the Nasdaq Nordic too. Apart from this, it owns several US stock exchanges.
NASDAQ is the short form for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by NASD (National Association of Securities Dealers). Now, NASD is known as FINRA (Finance Industry Regulatory Authority).
Over the years, the exchange has become more of a stock market by adding volume and trade and an automated trading system. It was the first stock market to trade online in the year 1998.
Cemtrex regains NASDAQ listings
On April 21, 2020, the company was told by Nasdaq that the common stock had failed to maintain the minimum bid price of one dollar for consecutive 30 days as required by the Listing Rules of Nasdaq. From June 1, 2020, to June 15, 2020, the company succeeded in maintaining the one dollar bid price. Hence, they regained the NASDAQ listings.
Some top News Headlines
Cemtrex has been in the news lately. Some of the headlines related to Cemtrex are:
- Business Updates Provided by Cemtrex Inc.
- Cemtrex to regain NASDAQ listing compliance
- The NASDAQ: CETXstock goes -4%, despite the optimistic outlook
- AI-based edge devices launched by Vicon
The net revenue of Cemtrex in the year 2018 was 89.9 million US dollars which rose from 56.9 US dollars in 2015. The net revenue was 120.6 million US dollars in 2017 but the company faced a bump and fell in day trade. The revenue in the next few years is expected to be better.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.