The End Of American Electric Technologies Inc. (NASDAQ:AETI)’s trend?


Here is a look at the scorecard of American Electric Technologies Inc. (NASDAQ:AETI) for the most recent quarter as well as analyst estimates for the coming periods.

The company generated sales of 9.4M%, implying an increase of 0.18%% compared to a similar quarter a year earlier.

To achieve the reported sales of 9.4M% for the quarter, the company incurred $9.25M in cost of goods. Therefore, after taking into account the cost of sales, American Electric Technologies Inc. emerged with a gross income of $150,000.

Recently, American Electric Technologies, Inc (NASDAQ:AETI) announced today that its M&I Electric business has been awarded a $5M contract to provide a turnkey power delivery solution for a new chemical plant under construction on the Texas Gulf Coast.

This is M&I’s first turnkey solution project award with this large Engineering, Procurement and Construction (EPC) firm, who ranked in the top five largest Engineering News Record (ENR) Top 500 Design Firms with revenues of $10B.

The M&I turnkey power delivery system will supply safe, reliable power distribution for a new chemical plant under construction near Alvin, TX for a $40B global chemical company owner.

M&I’s turnkey power delivery solutions includes custom-designed medium and low voltage conventional switchgear, low voltage and medium voltage motor control centers, and communications equipment all integrated into multiple M&I Power Distribution Centers (PDCs).

“This is a very important order award for the company as it represents a break-in win for our company into another top 5 EPC firm,” said Charles Dauber, President and CEO, AETI. “We look forward to working with our new customer and the project owner to deliver our turnkey power delivery solution for this chemical plant project.”

Let?s look into the technical of the stock

The Barchart Technical Opinion rating is a 64% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Average. Long term indicators fully support a continuation of the trend.

American Electric Technologies Inc. also incurred other expenses in the course of operation. So after taking those into account as well, it exited the quarter with EPS of $(0.21). The company had 8.34M diluted outstanding shares at the end of the quarter.

American Electric Technologies Inc’s cash balance at the end of the most recent quarter was 1.62M%. The company generated free cash flow of $(1.19M) during the quarter, with net operating cash flow being $(1.04M). Net change in cash was $(1.29M).

That said, American Electric Technologies Inc. finished the quarter with debt of 1.8M%. The debt increased/fell by growing from the past period.

What is Wall Street thinking about American Electric Technologies Inc.? So far analysts have weighed on the stock, and from that it has average analyst recommendation of and average price target of $. To put the analyst recommendation into perspective, recommendation in the range of 1.00 – 1.24 implies a BUY recommendation, while 1.25 ? 1.74 implies OVERWEIGHT. HOLD recommendation is represented by 1.75 ? 2.24, UNDERWEIGHT is represented by 2.25 ? 2.74 while SELL is represented by 2.75 ? 3.00.

Does American Electric Technologies Inc. have a healthy balance sheet? A look at the company’s balance sheet at the end of the most recent quarter shows that it reflects total assets of $35.38M, offset by total liabilities of $19.88M.

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