Castings (LON:CGS) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Castings P.L.C. (LON:CGS)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 267.88 ($3.46) and traded as high as GBX 268 ($3.46). Castings shares last traded at GBX 268 ($3.46), with a volume of 38 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on Castings from GBX 340 ($4.39) to GBX 325 ($4.20) and set a “buy” rating on the stock in a research report on Tuesday, February 18th.

Castings Stock Up 0.8 %

The company has a market cap of £117.48 million, a PE ratio of 7.05 and a beta of 0.60. The company has a 50-day moving average of GBX 267.88 and a 200-day moving average of GBX 276.87.

Castings Company Profile

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.