Today we feature Cemtrex Inc. (OTC BB: CTEI), a pollution control equipment provider, as the top momentum gainer since the stock jumped more than 10%, touching its new 52-week high during the last two consecutive trading days with far more shares exchanging hands than in a normal session. CTEI was among the top gainers in the U.S. industrial sector after powering 15.2% higher during yesterday’s session and closing at $0.91 while recording significant volume of 126,249 shares. During the past 5-trading sessions, CTEI rallied 37.8% with daily average trading volume of 85,241 shares, while the stock appreciated over 78.8% during the past month with daily average trading volume of 46,707 shares. CTEI has provided share price returns of over 139% during this year, so far.
Last week, CTEI received new orders worth $4 million across its three business divisions: Monitoring Instruments & Products, Rob Cemtrex, and Environmental systems. Deliveries of the ordered products are expected to begin in the third quarter of 2014 and finishing by early 2015.
Company Description:
Cemtrex Inc. (OTC BB: CTEI) is a technology company, with a market cap of 36.9 million, engaged in providing a wide array of solutions to meet today’s environmental challenges. The company manufacture, sell and services instruments, software and systems for monitoring emissions of Greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading globally.
1-Year Stock Chart:
Source: Bloomberg
