Castings (LON:CGS) Stock Price Passes Above Fifty Day Moving Average of $348.85

Castings P.L.C. (LON:CGS)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 348.85 ($4.38) and traded as high as GBX 375.30 ($4.71). Castings shares last traded at GBX 370 ($4.65), with a volume of 15,199 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 550 ($6.91) price target on shares of Castings in a research note on Wednesday, May 1st.

Castings Price Performance

The company has a market cap of £160.04 million, a P/E ratio of 1,057.14 and a beta of 0.58. The business’s 50 day moving average price is GBX 348.85 and its 200-day moving average price is GBX 358.48.

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.