Castings (LON:CGS) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Stock crossed above its 50‑day moving average: Castings moved above its 50‑day MA of GBX 251.94, traded as high as GBX 269.73 and last at GBX 268 on volume 9,142, which also places it above the 200‑day MA of GBX 259.85.
• Fundamentals and insider buying: The company has a market cap of £116.52m, a P/E of 24.28, debt‑to‑equity of 1.71 and strong liquidity (current ratio 2.77), and insider Adam Vicary purchased 5,000 shares at GBX 220 on March 23, with insiders owning 1.04%.

Castings P.L.C. (LON:CGS - )'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 251.94 and traded as high as GBX 269.73. Castings shares last traded at GBX 268, with a volume of 9,142 shares traded.

Castings Stock Performance

The company has a fifty day simple moving average of GBX 251.94 and a two-hundred day simple moving average of GBX 259.85. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.77 and a quick ratio of 2.76. The company has a market capitalization of £116.52 million, a P/E ratio of 24.28 and a beta of 0.28.

Insider Transactions at Castings

In related news, insider Adam Vicary purchased 5,000 shares of the stock in a transaction on Monday, March 23rd. The shares were bought at an average price of GBX 220 per share, for a total transaction of £11,000. 1.04% of the stock is owned by insiders.

About Castings

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.

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.