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

Castings logo with Industrials background

Shares of Castings P.L.C. (LON:CGS - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 ($3.84), with a volume of 20,580 shares trading hands.

Castings Stock Performance

The business's 50 day moving average is GBX 266.11 and its 200-day moving average is GBX 264.17. The firm has a market capitalization of £124.72 million, a price-to-earnings ratio of 7.49 and a beta of 0.60.

Castings (LON:CGS - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts forecast that Castings P.L.C. will post 17.2492837 EPS for the current fiscal 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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