Century Aluminum (NASDAQ:CENX - Get Rating)'s share price was down 8.1% during trading on Thursday after BMO Capital Markets lowered their price target on the stock from $14.00 to $9.00. The stock traded as low as $7.83 and last traded at $7.85. Approximately 18,587 shares were traded during trading, a decline of 99% from the average daily volume of 2,595,960 shares. The stock had previously closed at $8.54.
Several other brokerages have also weighed in on CENX. B. Riley decreased their price objective on Century Aluminum from $32.00 to $30.00 in a report on Monday, May 2nd. Wolfe Research lowered Century Aluminum from an "outperform" rating to a "peer perform" rating and cut their price target for the company from $30.00 to $14.00 in a research note on Wednesday, May 18th. StockNews.com began coverage on Century Aluminum in a report on Thursday, March 31st. They issued a "hold" rating for the company. Finally, TheStreet upgraded Century Aluminum from a "d" rating to a "c" rating in a report on Thursday, February 24th.
Several institutional investors have recently made changes to their positions in CENX. Dark Forest Capital Management LP bought a new stake in shares of Century Aluminum in the third quarter worth about $30,000. Exchange Traded Concepts LLC bought a new position in shares of Century Aluminum during the 1st quarter worth approximately $30,000. Prospera Financial Services Inc acquired a new stake in shares of Century Aluminum in the first quarter valued at approximately $104,000. KBC Group NV acquired a new stake in shares of Century Aluminum in the first quarter valued at approximately $153,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $172,000. Institutional investors own 56.11% of the company's stock.
The firm has a market capitalization of $703.38 million, a price-to-earnings ratio of -39.25 and a beta of 2.54. The stock's fifty day moving average is $14.59 and its two-hundred day moving average is $18.28. The company has a quick ratio of 0.53, a current ratio of 1.27 and a debt-to-equity ratio of 0.84.
Century Aluminum (NASDAQ:CENX - Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The industrial products company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.23. The business had revenue of $753.60 million during the quarter, compared to analysts' expectations of $748.40 million. Century Aluminum had a negative net margin of 0.57% and a positive return on equity of 11.58%. During the same quarter in the prior year, the business posted ($0.54) earnings per share. As a group, analysts anticipate that Century Aluminum will post 3.46 EPS for the current year.
Century Aluminum Company Profile (NASDAQ:CENX)
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.
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