Castings (LON:CGS) Shares Pass Above 50 Day Moving Average – Time to Sell?

Shares of Castings P.L.C. (LON:CGSGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 266.95 ($3.45) and traded as high as GBX 270 ($3.49). Castings shares last traded at GBX 260 ($3.36), with a volume of 6,536 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on Castings from GBX 340 ($4.40) to GBX 325 ($4.20) and set a “buy” rating on the stock in a research report on Tuesday, February 18th.

View Our Latest Analysis on Castings

Castings Price Performance

The company has a 50-day simple moving average of GBX 267.09 and a two-hundred day simple moving average of GBX 278.76. The stock has a market capitalization of £117.48 million, a price-to-earnings ratio of 7.05 and a beta of 0.60.

About Castings

(Get Free Report)

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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