Shares of Ternium S.A. American Depositary Shares (each representing ten shares USD1.00 par value) (TX) Have Risen Above Previous 52-Week High

July 23, 2021 10:47:54

Shares of Ternium S.A. American Depositary Shares (each representing ten shares USD1.00 par value) (NYSE:TX) traded today at $45.87, eclipsing its 52-week high. This new high was reached on below average trading volume as 362,000 shares traded hands, while the average 30-day volume is approximately 839,000 shares.

Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.

Ternium S.A. American Depositary Shares (each representing ten shares USD1.00 par value) (NYSE:TX) is currently priced 46.4% above its average consensus analyst price target of $24.43.

Over the past year, Ternium S.A. American Depositary Shares (each representing ten shares USD1.00 par value) has traded in a range of $14.22 to $45.87 and is now at $45.55, 220% above that low.

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