Cemtrex (CETX) Stock Is Flying On Protests And COVID-19 News

Cemtrex Inc (NASDAQ: CETX) is making a run for the top in the market this morning, trading on gains that are better stated in multiples than percentages. Nonetheless, there’s good reason for the movement. Two big stories suggest that the company will see a substantial rise in revenue ahead. Here’s what’s happening:

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CETX Is Gaining For Two Key Reasons

First and foremost, there is chaos spreading across the United States. Riots are breaking out in the wake of the death of George Floyd, a black man that spent the last minutes of his life handcuffed with a white cop’s knee digging into his neck. While this is horrible for the country, it is great news for Cemtrex.

The company is a maker of smart security technology. The same type of technology the companies can use to protect themselves in the midst of riots. While it is outlandish to even think that this is where we are as a culture, it’s hard to argue against the idea that it will increase demand for products developed and sold by Cemtrex.

However, the excitement about the stock goes far and beyond that.

The company announced the release of a Thermal Body Temperature Measurement Camera. The camera is known s athe V1100B-THM-TEMP and is designed to help organizations minimize the risk of reopening their stores, commercial buildings and other facilities.

The announcement was made through the company’s subsidiary, Vicon. The V1100B-THM-TEMP camera gives companies the ability to detect the body temperatures of individual people within their buildings on a complete contactless basis.

Should a person’s temperature be too high, a picture is snaped for quick identification and further screening. The technology is incredibly powerful, capturing up to 16 targets at a time, and providing a response time of around 30 milliseconds.

In a statement, Saagar Govil, Chariman and CEO at CETX, had the following to offer:

We are thrilled to release this advanced camera for organizations across the globe as there is enormous pressure on them to take as many precautions as possible to protect individuals. As a result, there is a tremendous need for this type of enterprise grade thermal camera that can help companies protect their visitors and facilities by pinpointing potentially at-risk individuals. We have already received strong interest in this product and see a wide range of applicable industries, including healthcare, educational facilities along with large commercial properties.

The Bottom Line

The bottom line here is simple. Cemtrex is in the perfect place, at the perfect time, and seems to be taking advantage of their strong positioning. First and foremost, in the wake of riots taking place across the United States, their smart security products are likely to see increased demand, leading to an increase in revenue.

Combine this increase in revenue with the increase that the company is likely to see from its thermal imaging technology and it becomes significant. All in all, if you’re not paying attention to CETX yet, you’re likely missing out.

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