Century Aluminum (NASDAQ:CENX) Shares Gap Up to $7.44

Century Aluminum (NASDAQ:CENX)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.44, but opened at $7.65. Century Aluminum shares last traded at $7.63, with a volume of 95,009 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. B. Riley dropped their price target on shares of Century Aluminum from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, August 14th. StockNews.com upgraded shares of Century Aluminum to a “sell” rating in a research note on Wednesday, August 16th. Finally, Wolfe Research lowered shares of Century Aluminum from a “peer perform” rating to an “underperform” rating and set a $6.00 price target on the stock. in a research note on Tuesday, July 11th.

Century Aluminum Stock Up 3.4 %

The firm’s fifty day moving average price is $8.57 and its 200-day moving average price is $9.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.22 and a quick ratio of 0.33. The firm has a market capitalization of $710.44 million, a P/E ratio of -6.41 and a beta of 2.69.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.28. The firm had revenue of $575.50 million during the quarter, compared to analysts’ expectations of $521.20 million. Century Aluminum had a negative net margin of 4.49% and a negative return on equity of 14.43%. As a group, equities research analysts forecast that Century Aluminum will post -0.13 earnings per share for the current year.

Institutional Trading of Century Aluminum

A number of large investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in shares of Century Aluminum in the 2nd quarter valued at approximately $28,000. Commonwealth Equity Services LLC purchased a new stake in shares of Century Aluminum in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new stake in shares of Century Aluminum in the 2nd quarter valued at approximately $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Century Aluminum by 33.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,410 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 2,119 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Century Aluminum by 32.9% in the 2nd quarter. Captrust Financial Advisors now owns 9,829 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 2,434 shares in the last quarter. 53.92% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. Century Aluminum Company was founded in 1995 and is headquartered in Chicago, Illinois.