Globally known industrial products producer, General Electric Company (NYSE:GE), yesterday announced that its Energy Storage business received orders of nearly $63 million for the new Durathon battery. The new business was launched by GE in July.
Immediately following its operation date, GE’s Energy Storage division secured about 10 telecom customer orders across several regions to power a total of more than 3,500 cell towers. The Company received the orders from Africa, Asia, India and the United States.
The US based company did well on the trading floors. During the last day trade, GE closed $ 22.43 after reducing nearly 0.85%. General Electric Company (NYSE:GE)’s 52 week range remained $ 14.02 to $22.49 with its market capitalization touching $236.83 billion.
GE’s monthly share price volatility is 1.20% while in assets turnover rates its ROA remained 1.99% with return on equity at 10.6%. However, the company’s current share price is above its 52 week low by 64.41% and below from its 52 week high by 0.27%. The Company holds nearly 10.56 billion shares outstanding while its shares float touches nearly 10.55 billion.
CEMEX, S.A.B. de C.V. (NYSE:CX) yesterday announced that it plans to expand the production capacity of its high quality cement from its APO plant by 1.5 M metric tons annually. The plant is located in the Philippines.
The Company also plans to invest nearly US$65 million with intentions to increase cement production and solidify its distribution network. Under the umbrella of these developments, the company is optimistic to better serve the growing demand throughout the country.
Cemex SAB de CV (ADR)(NYSE:CX)’s monthly share price volatility is 3.48% while in assets turnover rates its ROA remained -4.55% with return on equity at -14.89%. In addition, the company’s current share price is above its 52 week low by 291.96% and below from its 52 week high by 2.06%. The Company holds nearly 1.08 billion shares outstanding while its shares float touches nearly 1.07 billion.
