Castings (LON:CGS) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

Shares of Castings P.L.C. (LON:CGS - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 267.88 ($3.46) and traded as high as GBX 268 ($3.46). Castings shares last traded at GBX 268 ($3.46), with a volume of 38 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price target on shares of Castings from GBX 340 ($4.39) to GBX 325 ($4.20) and set a "buy" rating for the company in a report on Tuesday, February 18th.

Castings Trading Down 7.6 %

The firm has a 50-day moving average of GBX 268.04 and a 200 day moving average of GBX 276.66. The company has a market cap of £106.09 million, a P/E ratio of 6.37 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.