NEW YORK, NY / ACCESSWIRE / May 18, 2017 / Cemtrex was one of the biggest gainers on the NASDAQ yesterday after the company announced it had received more than $21 million in orders in the month of April as well as the biggest single order it has ever received. Qiwi was also a big mover after the company reported solid first quarter results and approved a dividend.

RDI Initiates Coverage on:

Cemtrex, Inc.
https://ub.rdinvesting.com/news/?ticker=CETX

Qiwi plc
https://ub.rdinvesting.com/news/?ticker=QIWI

Cemtrex, Inc.'s shares closed up 25.08% on Wednesday after 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."

Access RDI's Cemtrex Research Report at:
https://ub.rdinvesting.com/news/?ticker=CETX

Qiwi plc's shares closed up 5.73% yesterday on staggering volume compared to usual after the company announced its first quarter financial results. Shares even hit a new 52-week high of $22.34 during intra-day trading. Total Adjusted Net Revenue for the quarter ended March 31, 2017 came in at $51.5 million, which was a 16% increase compared to the year ago quarter. Investors were also thrilled to know that the company's Board of Directors have approved a dividend of 22 cents per share.

CEO Sergey Solonin commented, "This quarter we have noticed certain signs of improvement in the overall economic situation in our core markets, moreover we are happy to see that we are able to take advantage of the secular trends towards digitalization of payments. We achieved solid financial results this quarter and increased our total adjusted net revenue as well as adjusted net profit. In 2017 we see many opportunities ahead and will continue to focus on executing our strategy and developing our new products."

Access RDI's Qiwi Research Report at:
https://ub.rdinvesting.com/news/?ticker=QIWI

Our Actionable Research on Cemtrex, Inc. (NASDAQ: CETX) Qiwi plc (NASDAQ: QIWI) can be downloaded free of charge at Research Driven Investing.

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