Cemex SAB de CV (ADR) (NYSE:CX) stock trading at higher levels


Dallas, Texas 07/15/2013 (Financialstrend) – The American Depository Receipts of the cement company based in Mexico, Cemex SAB de CV. have been recently trading at higher levels contrary to the recent losses that were made by the company. The stock declined by around 2.61% in the previous week and has risen by the close of the week. It is currently trading at levels lower than the 50-day moving average and higher than the 200-day moving average.

Recently, analysts at Morgan Stanley upgraded the stock from “equal weight” to “overweight”. Sales of Cemex stood at $14.57 billion for the past 12 months with an income at $1134.4 million. The price to sales ratio for the past 12 months was 0.78 and the price to cash ratio for the company at 15.11. Furthermore, the return on assets for Cemex was -3.10 percent for the past 12 months, with a return on equity ratio of -10.50 percent.

Cemex SAB de CV (ADR) (NYSE:CX) closed at $11.29 on Friday, recording an increase of 1.90% for the stock. During the day, the stock fluctuated between a low intraday price of $10.93 and a high intraday price of $11.36 per share. The stock currently has a 52-week low of $6.25 and a 52-week high of $12.57 per share. Cemex currently has a market cap of $12.82 billion with around 1.14 billion outstanding shares in the market and institutional ownership of 47 percent of the company’s total equity capital. The stock witnessed active trading in around 15.18 million shares on Friday, while the average level of trading activity for the stock is 16.19 million shares per day.