Cemtrex Inc (Nasdaq:CETX)
June 13th, 2019
With markets going up Cemtrex Inc went up $0.76 Thursday, a 33.93% jump, closing at $3.00. Cemtrex Inc bounced 92.44% between high and low. The stock continues to trade well at 114.29% of its 52 week low of $1.40. Two technical ‘scores’ for stocks to be wary of are the Altman Z1 and the Piotroski2 scores. CETX scored quite low for both, which could be indicators of trouble down the road (the Altman Z-Score is 0.47, and the Piotroski Score is 2). In addition to finishing higher, trading volumes were solid at 4,878.00% of normal which can indicate investors see opportunities.
CETX outperformed the rest of the Information Technology sector which went up 0.22% today.
The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.
Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.
- Energy, up 1.25%.
- Communication Services, up 1.14%.
- Consumer Discretionary, up 0.90%.
- Materials, up 0.58%.
- Industrials, up 0.54%.
- Financials, up 0.23%.
- Information Technology, up 0.22%.
- Utilities, up 0.15%.
- Consumer Staples, up 0.11%.
- Real Estate, up 0.09%.
- Healthcare, down -0.11%.
Cemtrex Inc Info
Cemtrex, Inc. primarily provides electronic manufacturing services. The company operates through three segments: Advanced Technologies, Electronics Manufacturing, and Industrial Technology. The Advanced Technologies segment provides SmartDesk, an IoT product for the desktop PC market; and related white glove installation, extended warranties, and accessories directly to consumers, as well as through value added resellers for enterprises. This segment also offers design and development solutions to create impactful experiences for mobiles, Web, virtual and augmented reality, wearables, and televisions; and security and video surveillance systems, as well as develops various applications for virtual and augmented reality markets. The Electronics Manufacturing segment provides end to end electronic manufacturing services, including product design and sustaining engineering, printed circuit board assembly and production, cabling and wire harnessing, systems integration, and comprehensive testing services; and assembled electronic products to OEMs. This segment also designs, develops, manufactures, and sells interconnects and cable assemblies; and provides software development services for mobile, Web, virtual reality, and PC applications. The Industrial Technology segment offers single-source services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly; and sells a range of air filtration and environmental control products to various industries, such as chemical, cement, steel, food, construction, mining, and petrochemical. Cemtrex, Inc. operates in the United States and internationally. The company was formerly known as Diversified American Holding, Inc. and changed its name to Cemtrex, Inc. in December 2004. Cemtrex, Inc. was incorporated in 1998 and is headquartered in Long Island City, New York.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Cemtrex Inc’s score is 0.47) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Cemtrex Inc’s score is 2), and 9 is the best.
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