Castings P.L.C. (LON:CGS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 307.08 ($3.78) and traded as low as GBX 252 ($3.10). Castings shares last traded at GBX 264 ($3.25), with a volume of 29,313 shares trading hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their price target on Castings from GBX 390 ($4.80) to GBX 340 ($4.18) and set a "buy" rating on the stock in a research note on Wednesday, November 13th.
Get Our Latest Analysis on CGS
Castings Stock Down 2.9 %
The stock has a market capitalization of £111.43 million, a P/E ratio of 674.74 and a beta of 0.60. The business's 50 day simple moving average is GBX 266.80 and its two-hundred day simple moving average is GBX 306.34.
Castings Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, November 21st were issued a dividend of GBX 4.21 ($0.05) per share. This represents a yield of 1.51%. The ex-dividend date was Thursday, November 21st. Castings's dividend payout ratio is currently 4,736.84%.
Insider Buying and Selling at Castings
In other Castings news, insider Adam Vicary bought 1,500 shares of the business's stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of GBX 267 ($3.29) per share, for a total transaction of £4,005 ($4,928.02). Company insiders own 21.35% of the company's stock.
Castings Company Profile
(
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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.
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