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$CETX looks like it's curving back up. Can't check the daily chart right now but it looks like it's going back up.
$CETX The entire O/S has churned already in volume traded today. 14% short interest better cover!
$THM up +10%! $GSS up 5%! Pushhhh
$CETX Kaboomage! Let's see that $10-$12 area?!
Looks like pretty normal consolidation on the chart to me. Without any news this should continue to trend upwards. Let's see if it goes green by the end of day. Even sideways would fit the trading pattern.
$GOLD I think we'll get that confirmation!
$GSS If metal prices hold firm or go up we should see it break .711 tomorrow.
$NAK Just saw that. I guess today is the day. Many saying we have to hear from EPA or NAK today about the application review. It's a 50/50 crapshoot but I'd like to think this EPA will proceed with the application review.
$CETX Q2 Results out:
Cemtrex (Nasdaq: CETX, CETXP, CETXW), a world leading industrial and manufacturing leader, today reported its financial results for the three-month and six-month periods ended March 31, 2017.
“We reported a 61% increase in total revenue to $30.5 million for the second quarter of fiscal year 2017. This growth was driven organically and through the acquisitions we completed within the last year. There are significant opportunities for us to continue to grow in fiscal 2017 and beyond as we make additional strategic investments in our existing businesses and look to complete synergistic acquisitions,” stated Saagar Govil, Chairman and CEO of Cemtrex.
“Looking ahead, customers’ programs are steadily filling our industrial and electronics manufacturing pipelines for the remainder of the year, putting us on track to maintain planned growth for the balance of fiscal year 2017.”
“As Cemtrex continues to grow, we are positioned to build shareholder value even further. We do not believe the valuation of the Company’s stock fully represents the progress we have made over the past year. As a result, the Board of Directors utilized different financial tools, including a stock buyback program and paying dividends to common and preferred shareholders. We believe these actions benefit our existing shareholders, while also attracting a broader shareholder base.”
Q2 FY 2017 Business Highlights and Financial Highlights
•Total Revenue for Q2 2017 increased 61% to $30.5 million, compared to $18.9 million for Q2 2016. This increase was primarily due to the acquisition of Periscope on May 31, 2016. ?Industrial Products & Services (IPS) Revenue for Q2 2017 increased 19% to $15.3 million, compared to $12.9 million for Q2 2016. The increase was primarily due to increased shipment of goods and execution of projects.
?Electronics Manufacturing Services (EMS) Revenue for Q2 2017 increased by 152% to $15.2 million, compared to $6.0 million for Q2 2016. This increase was primarily due to the acquisition of Periscope GmbH, an electronics manufacturing solutions business.
•Gross Margin for Q2 2017 was 31%, compared to 31% for Q2 2016.
•Operating Margin for Q2 2017 decreased to 2.5% compared to 4.7% for Q2 2016. This is attributable to an increase in operating expenses to $8.6 million for Q2 2017, compared to $4.9 million for Q2 2016, which includes an increase of sales, marketing and professional service costs for the 2017 period.
•Net Income for Q2 2017 was $413,468, or 0.04 per share, compared to $829,896, or 0.10 per share for Q2 2016. This decrease was due to increase sales and marketing expenses in the second quarter, loss on disposal of assets and one time litigation expenses.
•Cash and Cash equivalents were $15.9 million and the book value was $3.38 per share at March 31, 2017.
Neither did I... :(
PS - I used to work there many moons ago.
$MNKD +47% today alone. What gives? Someone's loading for something...
$NAK - pretty obvious short cover on that down spike. Large sell and buy volume occurred at the same moment. Back up we go.
Ha! Wouldn't be surprised...
That person should be prosecuted. Amazing how something like that can be allowed to happen.
$MNKD +25%!
Orions$$$$
$NAK knockin on the door of breakout!
The tax abatements are gone so pharmaceutical companies are pulling out of PR, and I expect other industries are doing so as well. Expect things to get much worse down there.
$GSS Bounce getting underway? .875, then .925, then $1?
http://stockcharts.com/c-sc/sc?s=GSS&p=D&b=5&g=0&i=t94432242530&r=1493648572663
GOLD Tested $1260 and bounced! Lets see some love for the miners!
$GSS bounce off .70 or fall to .62?
$NAK up 12% so far today.
Depends. If Trump gets his way with lowering corporate taxes it'll give the market an even further boost, justified or not.
$THM up 7.59% today
$CETX Lets go! Love to see $3.77 tested this week.
Cool, thanks!
$GPL Capitulated? Bounce from these levels?
$CETX. Giddy up, let's see the breakout
$MNGA Nice chart, looks like a little consolidation here
$MNGA Nice call nice bounce!
$NAK 8x34 cross imminent.
$GST if it breaks $1.66 she'll go to $2.20 is what I'm seeing. How come Moody's removed all ratings of this stock yesterday?
$NAK @ $1.63!
$CETX - You beat me to it! Nice news, would like to know $ amount though.
$THM Good looking chart there
I'm seeing $1264 on Gold right now.
$VGZ Looking good, should continue to move up as long as gold holds.
$mnga thanks, thought so!