News Recap: Terex Corporation (NYSE:TEX)

Terex Corporation (NYSE:TEX) stock identified change of 116.29% away from 52-week low price and recently located move of -20.20% off 52-week high price. It has market worth of $1.73B. TEX stock has been recorded 16.53% away from 50 day moving average and 28.24% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.53% off 20-day moving average.

On Oct. 27, 2020, Terex Corporation (NYSE:TEX) released a third quarter 2020 income from continuing operations of $22.0 million, or $0.31 per share, on net sales of $765.6 million. In the third quarter of 2019, the reported income from continuing operations was $52.4 million, or $0.73 per share, on net sales of $1.0 billion.  This compares to income from continuing operations, as adjusted, of $58.9 million or $0.82 per share in the third quarter of 2019. The Glossary at the end of this press release contains further details regarding these non-GAAP measures.

John L. Garrison, Jr., Terex Corporation Chairman and CEO, commented, Our ability to execute and safely serve customers during this uncertain time drove sequentially stronger financial performance. Our results demonstrate the progress we are making to align our cost structure with the current customer demand environment. We are strategically reducing spending and consolidating our company-wide footprint. These actions will enable us to maintain a competitive cost structure and position us for growth.

The Industrials sector company, Terex Corporation noticed change of -3.07% to $24.96 along volume of 843273 shares in recent session compared to an average volume of 683.97K. The stock observed return of -0.72% in 5 days trading activity. The stock was at 31.09% over one month performance. TEX’s shares are at 23.14% for the quarter and driving a -14.58% return over the course of the past year and is now at -16.19% since this point in 2018.

The average volatility for the week at 4.56% and for month was at 4.72%. There are 69.30M shares outstanding and 66.41M shares are floated in market. Right now the stock beta is 1.65.

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