Cemtrex (CETX) Stock Rating Upgraded by Zacks Inve
Post# of 42166
Cemtrex, Inc. primarily provides electronic manufacturing services. The company operates through three segments: Advanced Technologies, Electronics Manufacturing, and Industrial Technology. The Advanced Technologies segment provides SmartDesk, an IoT product for the desktop PC market; and related white glove installation, extended warranties, and accessories directly to consumers, as well as through value added resellers for enterprises. This segment also offers design and development solutions to create impactful experiences for mobiles, Web, virtual and augmented reality, wearables, and televisions; and security and video surveillance systems, as well as develops various applications for virtual and augmented reality markets. The Electronics Manufacturing segment provides end to end electronic manufacturing services, including product design and sustaining engineering, printed circuit board assembly and production, cabling and wire harnessing, systems integration, and comprehensive testing services; and assembled electronic products to OEMs. This segment also designs, develops, manufactures, and sells interconnects and cable assemblies; and provides software development services for mobile, Web, virtual reality, and PC applications. The Industrial Technology segment offers single-source services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly; and sells a range of air filtration and environmental control products to various industries, such as chemical, cement, steel, food, construction, mining, and petrochemical. Cemtrex, Inc. operates in the United States and internationally. The company was formerly known as Diversified American Holding, Inc. and changed its name to Cemtrex, Inc. in December 2004. Cemtrex, Inc. was incorporated in 1998 and is headquartered in Long Island City, New York.