Caesarstone (NASDAQ:CSTE) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Price action: Caesarstone briefly crossed above its 200-day moving average (200‑day = $1.53; intraday high $1.62) but was last at $1.49 and trading down about 9.1%, indicating ongoing volatility.
• Analyst sentiment: Wall Street Zen downgraded the stock to a "strong sell" and the MarketBeat consensus rating remains "Sell."
• Fundamentals: The company has a small market cap (~$51.5M) with negative EPS (‑$0.48 last quarter), a negative net margin (~‑34.6%) and negative ROE, despite a slight revenue beat.

Caesarstone Ltd. (NASDAQ:CSTE - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.53 and traded as high as $1.62. Caesarstone shares last traded at $1.49, with a volume of 237,959 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Caesarstone from a "sell" rating to a "strong sell" rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Caesarstone Trading Down 9.1%

The stock has a market capitalization of $51.51 million, a P/E ratio of -0.37 and a beta of 0.04. The company has a 50-day moving average price of $1.25 and a 200 day moving average price of $1.53.

Caesarstone (NASDAQ:CSTE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.10). Caesarstone had a negative net margin of 34.60% and a negative return on equity of 24.33%. The company had revenue of $94.44 million for the quarter, compared to the consensus estimate of $93.70 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of Caesarstone during the fourth quarter valued at about $30,000. Citadel Advisors LLC boosted its stake in Caesarstone by 163.7% in the 3rd quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company's stock worth $101,000 after purchasing an additional 39,474 shares in the last quarter. Jane Street Group LLC acquired a new stake in Caesarstone in the 2nd quarter worth approximately $263,000. Qube Research & Technologies Ltd purchased a new stake in Caesarstone during the 2nd quarter worth approximately $56,000. Finally, Pitcairn Co. purchased a new stake in Caesarstone during the 2nd quarter worth approximately $31,000. 33.70% of the stock is owned by institutional investors and hedge funds.

Caesarstone Company Profile

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company's core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone's products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.