StockNews.com upgraded shares of Caesarstone (NASDAQ:CSTE - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.
Caesarstone Trading Down 1.6 %
Shares of NASDAQ CSTE traded down $0.07 during midday trading on Friday, reaching $4.40. The company's stock had a trading volume of 45,877 shares, compared to its average volume of 39,139. The stock has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $4.73. The stock has a market capitalization of $151.94 million, a price-to-earnings ratio of -2.19 and a beta of 0.17. Caesarstone has a fifty-two week low of $3.76 and a fifty-two week high of $6.81.
Institutional Trading of Caesarstone
A number of hedge funds and other institutional investors have recently modified their holdings of CSTE. Jane Street Group LLC bought a new position in Caesarstone in the third quarter valued at approximately $55,000. Acadian Asset Management LLC acquired a new stake in Caesarstone in the second quarter valued at $106,000. Rhumbline Advisers bought a new position in shares of Caesarstone in the 2nd quarter valued at about $107,000. Empowered Funds LLC acquired a new position in shares of Caesarstone during the 3rd quarter worth about $164,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Caesarstone by 189.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,797 shares of the construction company's stock valued at $186,000 after purchasing an additional 26,705 shares during the period. Institutional investors and hedge funds own 33.70% of the company's stock.
Caesarstone Company Profile
(
Get Free Report)
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
See Also
Before you consider Caesarstone, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caesarstone wasn't on the list.
While Caesarstone currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
