Boston, MA 11/04/2013 (wallstreetpr) – Cemex SAB de CV (ADR) (NYSE:CX) owns and operates subsidiaries in the business of production and sale of cements, aggregates, ready mix concretes and construction related materials. The company’s businesses span Mexico, the U.S., Europe, Caribbean and Asia among other global markets. In the Friday’s trading, CX gapped down 0.66% on stock price to finish south at $10.51 per share. Its one year range is $10.32 low and $10.72 high. The $11.93 billion capped company had a fairly active session on Friday, exchanging over 13 million shares against 14.43 million share daily average. The company’s stock is up about 15% year to date.
The cement company has strengths which can be seen in areas such as increasing net income, improving per share earning and growing share price. The company also has a fair share of its challenges which include bulging debt risk and lackluster ROE. In a year to date, CX has performed encouragingly well which makes it a good buy stock for investors who are looking for long-term gains. Its trend is indicative of a stock that is moving from strength to strength from the past several quarters. This is why the recent slide in stock price shouldn’t worry investors.
The improving state of affairs at CX can be seen in the company’s recent big leap where per share earnings gapped up 38.8% from a year ago. This trend is likely to continue and this is the kind of performance which bursts into massive profits for investors. Despite CX having a weak revenue data, its bottom line has not been negatively impacted as indicated by its increasing EPS. In fact, compared against the industry average, CX’s revenue only dipped 0.9% year to date while the industry average reveals 11.5% dip. The most notable weakness in the company can be seen in ROE which has not only decreased from a year ago, but also trails the S&P 500 index average.
