Century Aluminum (NASDAQ:CENX) Shares Gap Down - Time to Sell?

Shares of Century Aluminum (NASDAQ:CENX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $19.98, but opened at $19.31. Century Aluminum shares last traded at $19.67, with a volume of 277,577 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Century Aluminum from a "market perform" rating to an "outperform" rating and set a $22.00 target price for the company in a research report on Monday, February 24th. Wall Street Zen upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, May 9th.

Century Aluminum Trading Up 0.2%

The company's 50 day moving average price is $16.78 and its 200 day moving average price is $18.51. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 6.03 and a beta of 2.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 1.71.

Century Aluminum (NASDAQ:CENX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). Century Aluminum had a return on equity of 13.38% and a net margin of 14.69%. The business had revenue of $633.90 million for the quarter, compared to analyst estimates of $643.80 million. Research analysts anticipate that Century Aluminum will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Glencore plc acquired a new position in Century Aluminum in the 4th quarter valued at $729,427,000. Dimensional Fund Advisors LP grew its stake in Century Aluminum by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,937,970 shares of the industrial products company's stock valued at $53,531,000 after buying an additional 28,557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Century Aluminum by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,067,234 shares of the industrial products company's stock valued at $37,665,000 after buying an additional 111,203 shares during the last quarter. Woodline Partners LP acquired a new position in Century Aluminum in the 1st quarter valued at $19,317,000. Finally, Impala Asset Management LLC grew its stake in Century Aluminum by 33.6% in the 1st quarter. Impala Asset Management LLC now owns 932,154 shares of the industrial products company's stock valued at $17,301,000 after buying an additional 234,673 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.