Ternium (NYSE:TX) Reaches New 52-Week Low – Should You Sell?

Ternium S.A. (NYSE:TX)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $29.10 and last traded at $29.10, with a volume of 87533 shares. The stock had previously closed at $29.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Ternium Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. The firm has a market capitalization of $5.69 billion, a PE ratio of 72.43, a P/E/G ratio of 0.47 and a beta of 1.74. The business’s 50 day moving average price is $33.62 and its 200-day moving average price is $35.07.

Ternium (NYSE:TX) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a return on equity of 4.70% and a net margin of 0.42%. Ternium’s revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. As a group, equities research analysts forecast that Ternium S.A. will post 3.7 earnings per share for the current year.

Ternium Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, November 18th. This represents a yield of 8.5%. Ternium’s payout ratio is 450.00%.

Institutional Trading of Ternium

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Ternium by 37.9% in the third quarter. Principal Financial Group Inc. now owns 81,679 shares of the basic materials company’s stock valued at $3,015,000 after buying an additional 22,450 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Ternium during the 3rd quarter worth about $6,743,000. State Street Corp increased its holdings in shares of Ternium by 422.1% in the 3rd quarter. State Street Corp now owns 174,572 shares of the basic materials company’s stock valued at $6,443,000 after acquiring an additional 141,134 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Ternium during the 3rd quarter worth about $244,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ternium during the 3rd quarter worth about $242,000. Institutional investors and hedge funds own 11.98% of the company’s stock.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.