Caesarstone Ltd. (NASDAQ:CSTE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.62 and traded as high as $4.62. Caesarstone shares last traded at $4.53, with a volume of 47,984 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised Caesarstone from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th.
Read Our Latest Analysis on Caesarstone
Caesarstone Stock Up 0.4 %
The firm's fifty day moving average is $4.42 and its two-hundred day moving average is $4.62. The firm has a market cap of $157.11 million, a P/E ratio of -2.26 and a beta of 0.18.
Institutional Investors Weigh In On Caesarstone
A number of large investors have recently modified their holdings of CSTE. Jane Street Group LLC purchased a new stake in Caesarstone in the third quarter worth about $55,000. Empowered Funds LLC bought a new position in shares of Caesarstone in the 3rd quarter worth approximately $164,000. JPMorgan Chase & Co. raised its position in shares of Caesarstone by 189.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,797 shares of the construction company's stock worth $186,000 after acquiring an additional 26,705 shares in the last quarter. Barclays PLC lifted its stake in shares of Caesarstone by 87.5% in the 3rd quarter. Barclays PLC now owns 43,445 shares of the construction company's stock valued at $198,000 after purchasing an additional 20,271 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of 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 purchasing an additional 43,129 shares in the last quarter. Institutional investors own 33.70% of the company's stock.
About Caesarstone
(
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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