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

Castings P.L.C. (LON:CGS - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 256.35 ($3.47) and traded as high as GBX 280 ($3.79). Castings shares last traded at GBX 280 ($3.79), with a volume of 4,133 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on shares of Castings from GBX 340 ($4.61) to GBX 325 ($4.40) and set a "buy" rating for the company in a research note on Tuesday, February 18th.

Castings Stock Down 3.1%

The firm has a 50 day moving average of GBX 257.45 and a 200-day moving average of GBX 262.36. The company has a market cap of £114.85 million, a P/E ratio of 6.89 and a beta of 0.60.

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.