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

Key Points

• Castings P.L.C. (LON:CGS) saw its stock price cross above the fifty-day moving average of GBX 285.59, trading as high as GBX 298 ($3.95) during Wednesday's trading session.
• The company reported earnings of GBX 9.60 ($0.13) per share for the last quarter, with an expected annual EPS of 17.25.
• Castings operates in the iron casting and machining sectors, providing a range of casting products and treatment services, while maintaining a market cap of £133.27 million.

Castings P.L.C. (LON:CGS - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 285.59 ($3.79) and traded as high as GBX 298 ($3.96). Castings shares last traded at GBX 286 ($3.80), with a volume of 11,809 shares changing hands.

Castings Trading Down 2.8%

The firm's 50-day moving average price is GBX 287 and its 200 day moving average price is GBX 270.52. The company has a market capitalization of £123.18 million, a price-to-earnings ratio of 7.39 and a beta of 0.60.

Castings (LON:CGS - Get Free Report) last issued its earnings results 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 research analysts anticipate that Castings P.L.C. will post 17.2492837 earnings per share for the current fiscal 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.