Company shares last traded at $8.11 a bit lower than $8.64, the stock’s 50 day moving average and significantly below the 200 day moving average of $9.04. The 50 day moving average was down by -6.16% and the 200 day average was down $-0.93. Trading volume for Cemex, S.A.B. de C.V. Sponsored was 7,632K by the end of trading on Tuesday. Trading volume was down 38.02% under the stocks average daily volume.
Traders are a little more bullish on shares of Cemex, S.A.B. de C.V. Sponsored lately if you take into consideration the change in short interest. The firm experienced a fall in short interest of -22.76% as of the latest report on October 13, 2017. Short interest decreased from 25,530,979 to 19,719,387 over that timeframe. The days to cover decreased to 2.0 and the short interest percentage is 0.01% as of October 13.
These funds have shifted positions in (CX). As of the end of the quarter Raymond James Financial Services Advisors, Inc. had disposed of a total of 317 shares trimming its holdings by 1.0%. The value of the company’s investment in Cemex, S.A.B. de C.V. Sponsored decreased from $296,000 to $283,000 a change of 4.4% since the last quarter. Aperio Group, LLC reduced its stake by selling 5,333 shares a decrease of 1.1% from 06/30/2017 to 09/30/2017. Aperio Group, LLC currently owns 495,736 shares worth $4,501,000. The total value of its holdings decreased 4.6%.
As of quarter end State Of New Jersey Common Pension Fund D had bought 98,610 shares growing its position 5.8%. The value of the investment in CX went from $16,027,000 to $16,344,000 increasing 2.0% quarter to quarter. Dsam Partners (london) Ltd trimmed its holdings by shedding 17,814 shares a decrease of 3.6% in the quarter. Dsam Partners (london) Ltd now holds 473,055 shares valued at $4,295,000. The value of the position overall is down by 7.1%.
On October 23, 2017 the stock rating was set at “Buy” by Citigroup a boost from the previous “Neutral” rating.
The P/E ratio is 11.26 and the market value is 12.16B. In the latest earnings report the EPS was $0.72 and is expected to be $0.54 for the current year with 1,499,904,000 shares now outstanding. Next quarter’s EPS is estimated at $0.09 and the next full year EPS is projected to be $0.63.
CEMEX, S.A.B. de C.V. (CEMEX), launched on June 11, 1920, is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. Its cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua..