Castings (LON:CGS) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

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 traded.

Analyst Ratings Changes

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

Castings Stock Performance

The company has a market capitalization of £117.48 million, a PE ratio of 7.05 and a beta of 0.60. The business has a fifty day moving average price of GBX 267.88 and a 200 day moving average price 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.