Ternium S.A. (TX) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TX, as the stock is now down 18.2% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as Ternium has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Steel and Iron industry include ThyssenKrupp AG (TYEKF), TimkenSteel Corporation (TMST) and Angang Steel Company Limited (ANGGY). While ThyssenKrupp and TimkenSteel carry a Zacks Rank #1 (Strong Buy), Angang Steel holds a Zacks Rank #2 (Buy).
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