Ternium (NYSE:TX) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Ternium S.A. (NYSE:TX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.39 and traded as high as $29.61. Ternium shares last traded at $29.57, with a volume of 242,462 shares traded.

Wall Street Analyst Weigh In

TX has been the subject of several research reports. Bank of America reiterated an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research report on Monday, April 7th. UBS Group assumed coverage on Ternium in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd.

Ternium Stock Down 0.6%

The company has a debt-to-equity ratio of 0.12, a current ratio of 3.00 and a quick ratio of 1.76. The company has a 50 day moving average of $28.84 and a 200-day moving average of $29.39. The company has a market capitalization of $6.16 billion, a P/E ratio of -17.25 and a beta of 1.48.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.22. Ternium had a negative net margin of 2.07% and a positive return on equity of 0.29%. The business had revenue of $3.93 billion for the quarter, compared to analysts' expectations of $4 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. The firm's revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, equities analysts anticipate that Ternium S.A. will post 4.37 EPS for the current year.

Hedge Funds Weigh In On Ternium

Institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC increased its stake in shares of Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock worth $63,000 after acquiring an additional 482 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ternium by 51.8% during the first quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 653 shares during the last quarter. Boston Partners lifted its holdings in shares of Ternium by 4.1% during the first quarter. Boston Partners now owns 20,994 shares of the basic materials company's stock valued at $654,000 after purchasing an additional 827 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Ternium by 10.1% during the first quarter. Cetera Investment Advisers now owns 9,671 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 890 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Ternium by 500.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. 11.98% of the stock is owned by institutional investors.

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.