Cemtrex, Inc. (CETX)’s Trend Down, Especially After Today’s 52 Week Low Hit

May 16, 2018 - By Hazel Jackson

Cemtrex, Inc. (NASDAQ:CETX) Logo

The stock of Cemtrex, Inc. (NASDAQ:CETX) hit a new 52-week low and has $1.93 target or 5.00 % below today’s $2.04 share price. The 8 months bearish chart indicates high risk for the $23.54 million company. The 1-year low was reported on May, 16 by Barchart.com. If the $1.93 price target is reached, the company will be worth $1.18M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 22.03% or $0.575 during the last trading session, reaching $2.035. About 665,658 shares traded or 1047.11% up from the average. Cemtrex, Inc. (NASDAQ:CETX) has declined 14.33% since May 16, 2017 and is downtrending. It has underperformed by 25.88% the S&P500.

More notable recent Cemtrex, Inc. (NASDAQ:CETX) news were published by: Nasdaq.com which released: “Cemtrex Organizes Touchless Gesture Coding Challenge at Stony Brook University to Celebrate Upcoming Smartdesk …” on April 27, 2018, also Nasdaq.com with their article: “Cemtrex, Inc. (CETX) Announces Results for the Second Quarter ended March 31, 2018” published on May 15, 2018, Benzinga.com published: “Mid-Day Market Update: Abaxis Climbs On Acquisition News; Evolus Shares Plunge” on May 16, 2018. More interesting news about Cemtrex, Inc. (NASDAQ:CETX) were released by: Benzinga.com and their article: “Mid-Morning Market Update: Markets Edge Higher; Macy’s Tops Q1 Estimates” published on May 16, 2018 as well as Globenewswire.com‘s news article titled: “Cemtrex CEO Provides Update to Shareholders” with publication date: May 16, 2018.

Cemtrex, Inc. provides electronic manufacturing services of electric system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems worldwide. The company has market cap of $23.54 million. It operates through two divisions, Industrial Products and Services , and Electronics Manufacturing Services (EMS). It has a 8.37 P/E ratio. The IPS segment provides a range of air filtration and environmental control products to various industrial and manufacturing industries; monitoring instruments, software, and systems for measurement of emissions of greenhouse gases, hazardous gases, particulate, and other regulated pollutants used in emissions trading, as well as for industrial processes; and monitoring and analysis equipment for gas and liquid measurement for various downstream gas and oil applications, as well as various industrial process applications.

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