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Castings (LON:CGS) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Castings logo with Industrials background

Castings P.L.C. (LON:CGS - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 262.77 ($3.53) and traded as high as GBX 285 ($3.83). Castings shares last traded at GBX 284 ($3.82), with a volume of 11,819 shares trading hands.

Castings Stock Down 2.9%

The stock has a market cap of £119.24 million, a P/E ratio of 7.16 and a beta of 0.60. The company's 50 day moving average price is GBX 263.93 and its two-hundred day moving average price is GBX 263.49.

Castings (LON:CGS - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The company reported GBX 9.60 ($0.13) EPS for the quarter. Castings had a return on equity of 12.83% and a net margin of 7.45%. As a group, equities research analysts forecast that Castings P.L.C. will post 17.2492837 earnings per share for the current year.

Castings Company Profile

(Get Free Report)

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.

Further Reading

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