Castings (LON:CGS) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Castings P.L.C. (LON:CGS - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 274.19 ($3.68) and traded as high as GBX 318 ($4.27). Castings shares last traded at GBX 314.30 ($4.22), with a volume of 121,391 shares traded.

Castings Stock Up 5.4%

The company has a market cap of £137.65 million, a P/E ratio of 8.26 and a beta of 0.60. The company has a 50 day moving average price of GBX 279.15 and a 200-day moving average price of GBX 267.77.

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