Most Active Stocks in Focus: ING Groep NV (ADR) (ING), Cemex SAB de CV (ADR) (CX)

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ING Groep NV (ADR) (NYSE:ING)

Stock’s Trading Stats:

ING Groep NV (ADR) (NYSE:ING) is trading up with a percentage change of 1.74% and is at $12.90 right now. The Company’s market capitalization stands at $50.00 Billion in the current trading Session whereas, its outstanding shares are 3.87 Billion.

Recent Press Release:

ING Groep NV (ADR) (ING) a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending, consumer lending, and lease products. It also provides mortgages; corporate, structured, and real estate financing services; financial markets products; and cash administration, transaction, and trade finance services, in addition to working capital solutions. It operates in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia.

Cemex SAB de CV (ADR) (NYSE:CX)

Stock’s Trading Stats:

Cemex SAB de CV (ADR) (NYSE:CX) is surging 1.19% percent and is at $7.68 in the Real-Time trading session. The stock’s market capitalization stands at $10.36 Billion.

Recent Press Release:

Cemex SAB de CV (ADR) (CX) on April 21, 2016 declared that merged net sales reached US$3.2 billion during the first quarter of 2016, a boost of 3% on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, as compared to the comparable period in 2015. Operating EBITDA raised 12% on a like-to-like basis during the quarter to US$583 million as compared to the same period in 2015.

CEMEX’s Merged First-Quarter 2016 Financial and Operational Highlights

  • The increase in merged net sales was because of higher prices of our products, in local currency terms, in most of our operations, as well as higher volumes in the U.S., and our Europe and AME&A regions.
  • On a like-to-like basis, operating earnings before other expenses, net, in the first quarter raised 19% to US$358 million as compared to the comparable period in 2015.
  • Controlling interest net income improved to US$35 million during the first quarter of 2016 from a loss of US$149 million in the same period last year.
  • Operating EBITDA raised during the quarter 12% on a like-to-like basis to US$583 million.
  • Operating EBITDA margin grew by 1.2 percentage points on a year-over-year basis reaching 18.2%.
  • Free cash flow after maintenance capital expenditures for the quarter was US$8 million, contrast with negative US$281 million in the same quarter of 2015.
  • Free cash flow for the quarter was negative US$35 million, an improvement of US$322 million, contrast with the same quarter of 2015.