Caesarstone Ltd. (NASDAQ:CSTE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.86 and traded as high as $5.04. Caesarstone shares last traded at $5.00, with a volume of 64,997 shares.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Caesarstone from a "buy" rating to a "hold" rating in a research note on Monday, November 25th.
View Our Latest Report on Caesarstone
Caesarstone Stock Performance
The company's 50 day simple moving average is $4.35 and its 200 day simple moving average is $4.86. The stock has a market cap of $170.23 million, a PE ratio of -2.30 and a beta of 0.17.
Institutional Trading of Caesarstone
Hedge funds have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Caesarstone by 1.6% during the 3rd quarter. State Street Corp now owns 163,335 shares of the construction company's stock worth $745,000 after purchasing an additional 2,640 shares during the period. Gladius Capital Management LP bought a new stake in Caesarstone in the second quarter worth about $28,000. Jane Street Group LLC purchased a new position in Caesarstone in the third quarter valued at about $55,000. Barclays PLC grew its position in shares of Caesarstone by 87.5% during the 3rd quarter. Barclays PLC now owns 43,445 shares of the construction company's stock valued at $198,000 after acquiring an additional 20,271 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Caesarstone during the 2nd quarter worth approximately $107,000. 33.70% of the stock is currently owned by institutional investors.
Caesarstone Company Profile
(
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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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