Castings (LON:CGS) Stock Crosses Below 50 Day Moving Average - What's Next?

Shares of Castings P.L.C. (LON:CGS - Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 256.22 ($3.41) and traded as low as GBX 250 ($3.32). Castings shares last traded at GBX 257 ($3.42), with a volume of 131,740 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of Castings from GBX 340 ($4.52) to GBX 325 ($4.32) and set a "buy" rating for the company in a research report on Tuesday, February 18th.

Castings Stock Performance

The stock has a fifty day simple moving average of GBX 255.69 and a two-hundred day simple moving average of GBX 263.32. The stock has a market cap of £118.36 million, a PE ratio of 7.10 and a beta of 0.60.

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.