Castings P.L.C. (LON:CGS - Get Free Report) shares 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 changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group decreased their price objective on shares of Castings from GBX 390 ($4.80) to GBX 340 ($4.18) and set a "buy" rating on the stock in a research report on Wednesday, November 13th.
Get Our Latest Research Report on Castings
Castings Stock Down 2.9 %
The company has a market capitalization of £111.43 million, a PE ratio of 674.74 and a beta of 0.60. The firm's 50-day moving average is GBX 266.80 and its 200-day moving average is GBX 306.34.
Castings Cuts Dividend
The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, November 21st were issued a GBX 4.21 ($0.05) dividend. This represents a dividend yield of 1.51%. The ex-dividend date was Thursday, November 21st. Castings's payout ratio is currently 4,736.84%.
Insider Activity at Castings
In other Castings news, insider Adam Vicary bought 1,500 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of GBX 267 ($3.29) per share, for a total transaction of £4,005 ($4,928.02). 21.35% of the stock is currently owned by insiders.
About Castings
(
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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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