Castings (LON:CGS) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Castings P.L.C. (LON:CGS - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 266.36 ($3.44) and traded as high as GBX 274 ($3.54). Castings shares last traded at GBX 274 ($3.54), with a volume of 16,375 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on CGS. Canaccord Genuity Group dropped their price target on Castings from GBX 390 ($5.04) to GBX 340 ($4.39) and set a "buy" rating on the stock in a report on Wednesday, November 13th. Canaccord Genuity Group dropped their price target on Castings from GBX 340 ($4.39) to GBX 325 ($4.20) and set a "buy" rating on the stock in a report on Tuesday, February 18th.

Castings Price Performance

The company has a market cap of £117.86 million, a P/E ratio of 7.07 and a beta of 0.60. The company has a fifty day simple moving average of GBX 266.94 and a 200-day simple moving average of GBX 280.34.

Castings Company Profile

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.