Cemtrex, Inc. provides electronic manufacturing services of custom engineered advanced electronics system assemblies, emission monitors and instruments for industrial processes, and environmental control and air filtration systems for industries and utilities. It designs, develops, and manufactures various interconnects and cable assemblies; and provides engineering services, including new product introductions and prototyping, related testing equipment, and product redesigns. The company also manufactures, sells, and services 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 markets monitoring and analysis equipment for gas and liquid measurement for various downstream oil and gas applications, as well as industrial process applications. In addition, it offers air filtration and environmental control equipment to industries, such as chemical, cement, steel, food, construction, mining, and petrochemicals; instruments for emissions monitoring, process analysis, and controls for industrial applications; and laser opacity monitor that is used to determine opacity or dust concentration in stack gases. Further, the company provides direct-extractive and dilution-extractive continuous emissions monitoring solutions equipment and systems for use with utilities, industrial boilers, FGD systems, SCR-NOx control, furnaces, gas turbines, process heaters, and incinerators; and crude oil and natural gas analyzers. It serves primarily automotive, medical, industrial automation, refining, power, chemical, mining, and metallurgical processing industries. The company was formerly known as Diversified American Holding, Inc. and changed its name to Cemtrex, Inc. in December 2004. Cemtrex, Inc. incorporated in 1998 and is based in Farmingdale, New York.
Earnings in, stock moving higher! Farmingdale, NY, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Cemtrex Inc. (CETX), a world leading industrial and manufacturing solutions company, announced its third quarter consolidated results of operations for the three months ended June 30, 2016. Net sales for the quarter up 69% Net income for the quarter up 77% Net sales for nine months up 33%Net Income for nine months up 26.5% EBITDA for the quarter up 79% EBIDTA for nine months up 50%
Its been a very impressive rally this summer, I wish I had followed up on it earlier. This actually showed up on a scan I did a few weeks back when I was looking for new 52wk highs, but I ignored it
Looks like it's because of deception/illegal activity. Down 31% Cemtrex: Documents And Photos, All Signs Point To Deception And Failure Source: http://seekingalpha.com/article/4048274-cemtrex-documents-photos-signs-point-deception-failure
