Cemex SAB de CV (NYSE:CX)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $2.93 and last traded at $2.94, with a volume of 150383 shares traded. The stock had previously closed at $3.02.

A number of equities analysts have commented on CX shares. Morgan Stanley downgraded shares of Cemex SAB de CV from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $8.00 to $5.50 in a report on Monday, April 29th. ValuEngine raised shares of Cemex SAB de CV from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. HSBC raised shares of Cemex SAB de CV from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Santander downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Finally, Zacks Investment Research raised shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $7.50.

The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The stock has a fifty day moving average price of $3.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.53 and a current ratio of 0.74.

Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Cemex SAB de CV by 740.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 682,773 shares of the construction company’s stock worth $3,168,000 after purchasing an additional 601,518 shares during the period. Cooper Haims Advisors LLC bought a new stake in Cemex SAB de CV in the first quarter worth about $208,000. Moors & Cabot Inc. bought a new stake in Cemex SAB de CV in the first quarter worth about $76,000. Investec Asset Management LTD raised its position in Cemex SAB de CV by 5.4% in the first quarter. Investec Asset Management LTD now owns 9,480,321 shares of the construction company’s stock worth $43,989,000 after acquiring an additional 482,647 shares in the last quarter. Finally, Geode Capital Management LLC bought a new stake in Cemex SAB de CV in the fourth quarter worth about $193,000. 31.80% of the stock is owned by institutional investors and hedge funds.

Cemex SAB de CV Company Profile (NYSE:CX)

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

See Also: What is a stock split?

Receive News & Ratings for Cemex SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.