Ternium (NYSE:TX) Sets New 52-Week Low - Here's What Happened

Ternium S.A. (NYSE:TX - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $28.40 and last traded at $28.78, with a volume of 277985 shares. The stock had previously closed at $28.98.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ternium from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

Ternium Stock Up 1.0 %

The stock has a market cap of $5.71 billion, a P/E ratio of 72.70, a P/E/G ratio of 0.47 and a beta of 1.74. The firm has a 50 day simple moving average of $32.71 and a two-hundred day simple moving average of $34.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92.

Ternium (NYSE:TX - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.45 billion. Ternium had a net margin of 0.42% and a return on equity of 4.70%. The company's quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 earnings per share. Equities research analysts predict that Ternium S.A. will post 3.7 earnings per share for the current year.

Ternium Cuts Dividend

The business also recently disclosed 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 dividend yield of 8.5%. Ternium's dividend payout ratio is presently 450.00%.

Institutional Trading of Ternium

A number of hedge funds and other institutional investors have recently modified their holdings of TX. GAMMA Investing LLC grew its holdings in Ternium by 72.1% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock worth $34,000 after acquiring an additional 385 shares during the period. Blue Trust Inc. grew its stake in shares of Ternium by 216.9% in the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company's stock worth $170,000 after purchasing an additional 3,104 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Ternium in the 3rd quarter worth approximately $242,000. Verition Fund Management LLC acquired a new stake in Ternium during the third quarter valued at approximately $244,000. Finally, Caprock Group LLC bought a new stake in Ternium during the second quarter worth approximately $295,000. Institutional investors 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.