Published On: Thu, Apr 6th, 2017

CEMEX (NYSE:CX) Hits New High Range with Ingersoll-Rand (NYSE:IR)

CEMEX, S.A.B. de C.V. (NYSE:CX) stock traded at $9.40 in early session on Thursday with the total traded volume of 998739. Cemex, S.A.B. de C.V. (CX) declared that European Commission has issued a decision that ultimately does not allow CEMEX to sell its operations in Croatia to Duna-Drava Cement Kft., a joint venture owned by HeidelbergCement AG and SchwenkZement AG.

As one of the closing conditions under the corresponding sale purchase contract was to receive the necessary clearance from the EC, the transaction will not close and CEMEX will maintain its operations in Croatia and continue to operate them and serve its consumers with high quality products and reliable services. CEMEX Croatia operates 3 cement plants, 7 concrete plants, 2 aggregates quarries and a network of maritime and land-based terminals in Croatia, Bosnia-Herzegovina and Montenegro.

CEMEX is a global building materials company that provides high-quality products and reliable services to consumers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. As taking short look on the firm profit margin was recorded 5.60%, and operating margin was recorded 13.40%. The Financial Institutional ownership of the firm was 37.40% while by insiders was 0.00%.

Ingersoll-Rand Plc (NYSE:IR) surged 0.27% in early trading with 128356 trading volume. The BOD for Ingersoll-Rand plc (IR) reported that a quarterly dividend of $0.40 cents per ordinary share, payable June 30, 2017, to shareholders of record on June 9, 2017. Ingersoll Rand has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910. Corporation has the current ratio of 1.60 for the most recent quarter.

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