Caesarstone (NASDAQ:CSTE - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.
Caesarstone Trading Up 1.6 %
NASDAQ CSTE traded up $0.07 during trading on Wednesday, hitting $4.49. The company had a trading volume of 24,819 shares, compared to its average volume of 79,379. The company's fifty day moving average is $4.38 and its 200-day moving average is $4.78. The company has a market cap of $155.05 million, a price-to-earnings ratio of -2.23 and a beta of 0.17. Caesarstone has a one year low of $3.55 and a one year high of $6.81.
Institutional Trading of Caesarstone
Several large investors have recently bought and sold shares of CSTE. Bank of New York Mellon Corp purchased a new position in shares of Caesarstone in the 2nd quarter valued at approximately $293,000. Global Alpha Capital Management Ltd. raised its holdings in Caesarstone by 1.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 3,019,248 shares of the construction company's stock worth $13,768,000 after purchasing an additional 48,200 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Caesarstone by 1,206.4% during the third quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company's stock valued at $213,000 after buying an additional 43,129 shares during the period. Empowered Funds LLC bought a new stake in shares of Caesarstone during the 3rd quarter valued at $164,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Caesarstone in the 2nd quarter worth about $106,000. 33.70% of the stock is owned by institutional investors.
Caesarstone Company Profile
(
Get Free Report)
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
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