Castings (LON:CGS) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Castings P.L.C. shares have crossed above the fifty-day moving average, trading at GBX 286 ($3.85) with a peak at GBX 290 ($3.90).
• The company reported a quarterly EPS of GBX 9.60 ($0.13), with analysts forecasting earnings of approximately 17.25 EPS for the current year.
• Castings operates in iron casting and machining, offering various casting materials and heat treatment services across its business segments.

Castings P.L.C. (LON:CGS - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 287.60 ($3.87) and traded as high as GBX 290 ($3.90). Castings shares last traded at GBX 286 ($3.85), with a volume of 47,810 shares traded.

Castings Trading Up 1.4%

The stock has a market cap of £127.13 million, a P/E ratio of 7.63 and a beta of 0.60. The business has a 50-day simple moving average of GBX 287.60 and a 200 day simple moving average of GBX 270.98.

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

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.