Cemtrex, Inc. (CETX) Is At $2.69 Formed Wedge; Regal Beloit Has 1.23 Sentiment

Cemtrex, Inc. (CETX) formed wedge down with $2.58 target or 4.00% below today’s $2.69 share price. Cemtrex, Inc. (CETX) has $28.39M valuation. The stock decreased 0.37% or $0.01 during the last trading session, reaching $2.69. About 32,291 shares traded. Cemtrex, Inc. (NASDAQ:CETX) has risen 80.19% since January 9, 2017 and is uptrending. It has outperformed by 63.49% the S&P500.

Regal Beloit Corporation, together with its subsidiaries, designs, makes, and sells electric motors, electrical motion controls, power generation and power transmission products worldwide. The company has market cap of $3.53 billion. The Company’s Commercial and Industrial Systems segment provides AC and DC motors, and controls; motors, electronic variable speed controls, and blowers; and starters, contactors, relays, variable frequency drives, and integrated solutions of components. It has a 17.32 P/E ratio. This segment also offers precision stator and rotor kits; hazardous duty motors; and electric generators, automatic transfer switches, power generation and distribution switch gears, and components and system controls.

Analysts await Regal Beloit Corporation (NYSE:RBC) to report earnings on February, 5. They expect $1.14 EPS, up 9.62% or $0.10 from last year’s $1.04 per share. RBC’s profit will be $50.51 million for 17.47 P/E if the $1.14 EPS becomes a reality. After $1.37 actual EPS reported by Regal Beloit Corporation for the previous quarter, Wall Street now forecasts -16.79% negative EPS growth.

Profit Investment Management Llc holds 1.45% of its portfolio in Regal Beloit Corporation for 21,104 shares. Gargoyle Investment Advisor L.L.C. owns 42,172 shares or 1.22% of their US portfolio. Moreover, Olstein Capital Management L.P. has 1.12% invested in the company for 109,600 shares. The Wisconsin-based Oarsman Capital Inc. has invested 1.04% in the stock. Walthausen & Co. Llc, a New York-based fund reported 135,515 shares.

The stock increased 0.57% or $0.45 during the last trading session, reaching $79.65. About 204,029 shares traded. Regal Beloit Corporation (RBC) has risen 45.93% since January 9, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.