Castings P.L.C. (LON:CGS - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 263.63 ($3.27) and traded as high as GBX 278 ($3.45). Castings shares last traded at GBX 270 ($3.35), with a volume of 858 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group decreased their price objective on Castings from GBX 390 ($4.84) to GBX 340 ($4.22) and set a "buy" rating for the company in a research report on Wednesday, November 13th.
Check Out Our Latest Stock Report on Castings
Castings Trading Up 2.5 %
The company has a market capitalization of £125.16 million, a price-to-earnings ratio of 757.89 and a beta of 0.60. The firm's 50 day simple moving average is GBX 264.76 and its 200-day simple moving average is GBX 291.76.
Castings (LON:CGS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported GBX 7.07 ($0.09) earnings per share (EPS) for the quarter. Castings had a net margin of 7.45% and a return on equity of 12.59%. As a group, sell-side analysts forecast that Castings P.L.C. will post 17.2492837 EPS for the current fiscal year.
Castings Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, November 21st were given a GBX 4.21 ($0.05) dividend. This represents a yield of 1.51%. The ex-dividend date was Thursday, November 21st. Castings's payout ratio is 4,736.84%.
Insiders Place Their Bets
In other news, insider Adam Vicary acquired 1,500 shares of Castings stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of GBX 267 ($3.31) per share, with a total value of £4,005 ($4,967.75). Insiders own 21.35% of the company's stock.
About Castings
(
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Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.
Further Reading
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