Castings (LON:CGS) Stock Crosses Above 50 Day Moving Average of $358.02

Shares of Castings P.L.C. (LON:CGS – Get Rating) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 358.02 ($4.45) and traded as high as GBX 377 ($4.69). Castings shares last traded at GBX 374 ($4.65), with a volume of 8,143 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 530 ($6.59) price objective on shares of Castings in a report on Friday, April 28th.

Castings Trading Down 0.8 %

The firm has a market cap of £162.91 million, a price-to-earnings ratio of -38.32 and a beta of 0.62. The company has a fifty day moving average price of GBX 358.02 and a 200-day moving average price of GBX 356.84.

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, grey iron, 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.