Ternium Stock Falls On Unusually High Volume (TX)

NEW YORK ( TheStreet) -- Ternium (NYSE: TX) is trading at unusually high volume Thursday with 2.5 million shares changing hands. It is currently at four times its average daily volume and trading down $4.45 (-17.7%) at $20.75 as of 3:50 p.m. ET.

Ternium has a market cap of $5.2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 40.6% year to date as of the close of trading on Wednesday.

Ternium S.A. engages in manufacturing and processing a range of flat and long steel products for construction, home appliances, capital goods, container, food, energy, and automotive industries. The company has a P/E ratio of 10.5, below the average metals & mining industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ternium as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Ternium Ratings Report.

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