Constellium (NYSE:CSTM) Hits New 12-Month Low – Time to Sell?

Constellium SE (NYSE:CSTM)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $9.29 and last traded at $9.34, with a volume of 8502 shares. The stock had previously closed at $9.46.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CSTM. Deutsche Bank Aktiengesellschaft lowered Constellium from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $12.00 in a report on Thursday, October 24th. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets decreased their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Constellium has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Trading Down 1.0 %

The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.69 and a beta of 1.68. The firm has a fifty day moving average price of $10.49 and a 200-day moving average price of $13.14. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28.

Hedge Funds Weigh In On Constellium

Several hedge funds have recently bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of Constellium by 61.1% during the 2nd quarter. Truist Financial Corp now owns 37,345 shares of the industrial products company’s stock worth $704,000 after buying an additional 14,165 shares in the last quarter. Creative Planning grew its position in Constellium by 16.3% in the third quarter. Creative Planning now owns 62,368 shares of the industrial products company’s stock valued at $1,014,000 after acquiring an additional 8,755 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in Constellium during the third quarter worth about $192,000. nVerses Capital LLC bought a new position in shares of Constellium in the third quarter worth about $174,000. Finally, Net Worth Advisory Group acquired a new stake in shares of Constellium in the 3rd quarter valued at approximately $213,000. 92.59% of the stock is owned by institutional investors.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.