Castings P.L.C. (LON:CGS - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 262.62 ($3.27) and traded as high as GBX 280 ($3.49). Castings shares last traded at GBX 277.60 ($3.46), with a volume of 7,382 shares.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lowered their target price on Castings from GBX 390 ($4.86) to GBX 340 ($4.23) and set a "buy" rating on the stock in a report on Wednesday, November 13th.
Get Our Latest Report on Castings
Castings Stock Up 2.6 %
The company has a market capitalization of £120.82 million, a PE ratio of 731.58 and a beta of 0.60. The firm's 50 day simple moving average is GBX 262.86 and its 200 day simple moving average is GBX 296.49.
Castings (LON:CGS - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported GBX 7.07 ($0.09) earnings per share for the quarter. Castings had a return on equity of 12.59% and a net margin of 7.45%. As a group, sell-side analysts predict that Castings P.L.C. will post 17.2492837 EPS for the current fiscal year.
Castings Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, November 21st were given a GBX 4.21 ($0.05) dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, November 21st. Castings's payout ratio is 4,736.84%.
Insider Activity
In other news, insider Adam Vicary acquired 1,500 shares of the firm's stock in a transaction on Friday, November 15th. The shares were bought at an average price of GBX 267 ($3.32) per share, for a total transaction of £4,005 ($4,986.30). 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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