Shares of Castings P.L.C. (LON:CGS - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 345.14 ($4.48) and traded as low as GBX 240 ($3.11). Castings shares last traded at GBX 282 ($3.66), with a volume of 93,675 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group decreased their price target on Castings from GBX 460 ($5.97) to GBX 390 ($5.06) and set a "buy" rating for the company in a research note on Tuesday, August 20th.
View Our Latest Report on CGS
Castings Stock Down 2.8 %
The company has a market cap of £119.08 million, a price-to-earnings ratio of 736.37 and a beta of 0.60. The firm has a 50 day moving average price of GBX 301.29 and a two-hundred day moving average price of GBX 344.70.
Insider Activity
In related news, insider Adam Vicary purchased 3,500 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of GBX 300 ($3.89) per share, with a total value of £10,500 ($13,616.91). In other Castings news, insider Adam Vicary bought 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of GBX 300 ($3.89) per share, with a total value of £10,500 ($13,616.91). Also, insider Steve Mant bought 3,230 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of GBX 308 ($3.99) per share, with a total value of £9,948.40 ($12,901.57). Over the last quarter, insiders purchased 10,037 shares of company stock valued at $3,040,247. Company insiders own 21.35% of the company's stock.
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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