Cemtrex Inc (CETX)

[jedijazz]

$CETX Highlighted: Cemtrex, Inc. shares are trading higher as the company reported that it has received more than $21 million in new orders last month. Traders gobbled shares up after learning that some of the contracts included big names like PPG, Covanta, Mitsubishi Heavy, and US Mint.

One of the orders is even estimated to be worth $15 million and is a three year agreement for the company’s electronics manufacturing services business in Germany. This is the largest single order that Cemtrex has ever received.

CEO Saagar Govil commented, "We are experiencing a build out of customer activity as our sales and marketing team ramps up their outreach. The activity we are seeing in our sales pipeline validates our expanded investments in sales and marketing activity over the past several months. Our plan is to continue to make investments in these areas of our business in order to take advantage of the additional bandwidth we have to grow.”