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Castings (LON:CGS) Share Price Passes Above 50 Day Moving Average of $376.73

Castings logo with Industrials background

Castings P.L.C. (LON:CGS - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 376.73 ($4.79) and traded as high as GBX 390 ($4.96). Castings shares last traded at GBX 386 ($4.90), with a volume of 4,976 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on Castings from GBX 550 ($6.99) to GBX 450 ($5.72) and set a "buy" rating on the stock in a research note on Wednesday, June 12th.

View Our Latest Research Report on Castings

Castings Trading Up 3.0 %

The firm has a market cap of £166.45 million, a P/E ratio of 1,102.86 and a beta of 0.55. The business has a 50-day moving average of GBX 376.73 and a two-hundred day moving average of GBX 360.77.

Castings Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 24th. Investors of record on Thursday, June 20th will be given a dividend of GBX 14.19 ($0.18) per share. The ex-dividend date is Thursday, June 20th. This represents a yield of 3.84%. This is a positive change from Castings's previous dividend of $4.13. Castings's payout ratio is currently 5,142.86%.

About Castings

(Get Free Report)

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.

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