Castings (LON:CGS) Share Price Crosses 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 share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 trading hands.

Castings Stock Performance

The company has a 50 day moving average of GBX 287 and a two-hundred day moving average of GBX 270.35. The stock has a market cap of £126.69 million, a PE ratio of 7.60 and a beta of 0.60.

Castings (LON:CGS - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that Castings P.L.C. will post 17.2492837 EPS for the current year.

Castings Company Profile

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.