Ternium (NYSE:TX) Hits New 1-Year Low – Should You Sell?

Ternium S.A. (NYSE:TX)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $28.58 and last traded at $28.88, with a volume of 46034 shares changing hands. The stock had previously closed at $28.78.

Analyst Upgrades and Downgrades

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

Ternium Stock Performance

The firm’s fifty day simple moving average is $32.95 and its 200 day simple moving average is $34.62. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 72.60, a PEG ratio of 0.47 and a beta of 1.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67.

Ternium (NYSE:TX) 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 firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $1.38 EPS. On average, sell-side analysts forecast that Ternium S.A. will post 3.7 EPS for the current year.

Ternium Cuts Dividend

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

Institutional Trading of Ternium

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Ternium by 72.1% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 385 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Ternium by 216.9% during the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 3,104 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Ternium during the 3rd quarter valued at $242,000. Verition Fund Management LLC acquired a new position in shares of Ternium in the third quarter worth $244,000. Finally, Caprock Group LLC purchased a new stake in shares of Ternium during the second quarter worth $295,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Ternium Company Profile

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.