Good morning traders, This week we have a low float NASDAQ that has been on our radar a long time. Some of you may remember a mention of this one last fall. High insider ownership of over 70%. Revenue increasing significantly over the last few years. Focused and working on acquisitions. Cemtrex, Inc. (NASDAQ: CETX) Cemtrex Announces Q2 Results with Sales Increasing 32%-http://finance.yahoo.com/news/cemtrex-announces-q2-results-sales-123000610.html Initial report Highlights
- Revenue FY 2015- $56M
- One analyst is projecting- $76M revenue in 2016 based on recent acquisition (see link below)
- 375 employees worldwide
- .42 EPS (2.8M) / FY 2015
- Recent analyst price targets range (6-12 months) $3.80-$4.75
- Of course any new acquisitions could change the above consensus
- According to Yahoo Finance the public float is- 3.11M with 70% held by insiders
Analyst report (PT- $3.80) Taglich - http://broadstreetalerts.com/wp-content/uploads/2016/05/Taglich-Report-cemtrex-03042016.pdf Analyst report (PT $4.75) Zacks- http://broadstreetalerts.com/wp-content/uploads/2016/05/Feb-5-2016_CETX_Ralston-2.pdf Recent news China's Plan to Launch Greenhouse Gas Cap and Trade System in 2017 Can Open Up Billion Dollar Market for Cemtrex (CETX)-http://finance.yahoo.com/news/chinas-plan-launch-greenhouse-gas-123000399.html This should get everyone started with their DD, we will be back with an updated profile soon. The Team |
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