Home / Features / CEMEX, S.A.B. de C.V. (NYSE:CX) Closed Sale Operations in Bangladesh and Thailand

CEMEX, S.A.B. de C.V. (NYSE:CX) Closed Sale Operations in Bangladesh and Thailand

CEMEX, S.A.B. de C.V. (NYSE:CX) [Trend Analysis] hangs on to mix trends, as shares trade at $6.57 by decreased -0.45% with volume of 8.39 Million shares that was impressive than its average volume of 10567.31 shares. CEMEX, S.A.B. de C.V. (CX) released that it has closed sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited for around U.S.$53 million. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

CEMEX is a worldwide building materials firm that provides high quality products and reliable service to customers and communities in more than 50 countries. Celebrating its 110th anniversary, CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

Major bullish and bearish trends reflect in rating research, from pool of WSJ analyst gave 10.00 as a highest price target, medium point hits to 8.50, while the lowest share price targets assigned 6.73. The data compelled by Wall Street Journal average suggest average price target would by 8.41, where as current price stood at 6.57.

Moderately analysts issue miscellaneous recommendation for CX, as 13 experts rated as “BUY” security, no body have faith on stocks as a “Overweight,” moreover 5 experts rated as “Hold”. Company’s annual sales growth for the past five year was 4.90%.

CEMEX, S.A.B. de C.V. (NYSE:CX) presented weekly performance of 2.34% with respect to its rate of return and it remained -9.14% for the month. However, the performance for a quarter experienced change of 25.60% and its performance for a year is -28.30% and its year to date performance remained in green with 22.67%. The stock price volatility was 2.36% for a week and 3.45% for a month as well as price volatility’s Average True Range for 14 days was 0.22 and its beta remained 2.70.

Current stock price is in the upbeat territory taking into account of 20 days moving average with -3.49% and continued bullish run for 50 days moving average with -4.22%. Its earnings per share for the past twelve months were 102.90%. Company’s beta coefficient was at 2.70. Beta measures the amount of market risk associated with market trade.


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