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Castings (LON:CGS) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Castings logo with Industrials background

Castings P.L.C. (LON:CGS - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 266.11 ($3.65) and traded as high as GBX 290 ($3.98). Castings shares last traded at GBX 280 ($3.85), with a volume of 20,580 shares trading hands.

Castings Trading Up 1.5%

The company has a market cap of £120.55 million, a price-to-earnings ratio of 7.24 and a beta of 0.60. The stock's fifty day simple moving average is GBX 266.67 and its 200 day simple moving average is GBX 264.39.

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

About Castings

(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.

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