Cemex SAB de CV (ADR) (NYSE:CX) shares trading high

Posted by Samantha Donahue July 10, 2013 0 Comment 1131 views

On Friday, the shares of Cemex SAB de CV (ADR) (NYSE:CX), a Mexican cement company edged higher in contrary to some of their recent losses. The shares of the company shares ended at $10.43, the day higher 0.68% after hovering between the values of $10.18 and $10.48. The total trading was 30.97 million shares which were above the 15.83 million which is the average day-to-day volume.

The company’s shares decreased 2.61% during the last three trading sessions. Currently, the stock is trading below to its 50-day moving average, although above the stock’s 200-day moving average. The company showed an increase of 3.84% during the last trading session. The company was upgraded from equal weight to overweight at Morgan Stanley (MS). The trading was closed with an average volume of 9.64 million shares at $27.12.

In the past 12 months, Cemex SAB de CV has generated sales of $14.57 billion with an income of $1134.40 million. The past 12 months’ analytic ratios of price to sales ratio and price to cash ratio was calculated as 0.78 and 15.11 respectively for Cemex SAB de CV. The returns of CX on equity ratio were observed as -10.50% and that on assets were observed as -3.10%.

During the previous trading session, Barclays boosted the rating of Cemex SAB de CV from equal weight to overweight in a research memo which was issued to the clients per the information from StockRatingsNetwork. Currently, the analysts have set a target of $12.00 over the security. Cemex SAB de CV had gained +3.84%, thereby reaching $10.01, after being floated between $9.84 and $10.08. This stock was ahead of its 12-month low price of 86.71% and was lagged behind its 12-month high price of 20.37%. The volatility of stock price for the last month remained as 3.88%.

Previously, the status of Cemex SAB de CV was that the shares of the company fell -3.44% and it was trading at $10.46 with an average volume of 13.43 million shares. The analytic ratios: price to sales ratio and price to cash ratio were 0.78 and 15.18 respectively. The returns of CX return on equity ratio were recorded as -10.50% and that on assets were recorded as -3.10%.

About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

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