Castings (LON:CGS) Shares Cross Above Fifty Day Moving Average - Time to Sell?

Castings P.L.C. (LON:CGS - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 266.95 ($3.45) and traded as high as GBX 270 ($3.49). Castings shares last traded at GBX 260 ($3.36), with a volume of 6,536 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price target on Castings from GBX 340 ($4.40) to GBX 325 ($4.20) and set a "buy" rating for the company in a research note on Tuesday, February 18th.

Castings Price Performance

The business's 50 day moving average price is GBX 267.37 and its 200 day moving average price is GBX 278.43. The stock has a market capitalization of £116.61 million, a P/E ratio of 7.00 and a beta of 0.60.

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.