Caesarstone (NASDAQ:CSTE) Share Price Crosses Above 200-Day Moving Average of $4.13

Caesarstone Ltd. (NASDAQ:CSTE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.13 and traded as high as $5.87. Caesarstone shares last traded at $5.45, with a volume of 66,158 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSTE. Stifel Nicolaus dropped their price target on shares of Caesarstone from $5.50 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, December 19th. StockNews.com cut Caesarstone from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd.

Caesarstone Trading Up 1.5 %

The firm has a market cap of $190.95 million, a P/E ratio of -1.75 and a beta of 0.40. The company has a current ratio of 2.64, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $4.30 and its two-hundred day moving average price is $4.13.

Caesarstone (NASDAQ:CSTE - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.02). The firm had revenue of $128.53 million during the quarter, compared to analyst estimates of $124.94 million. Caesarstone had a negative net margin of 19.05% and a negative return on equity of 12.71%. During the same quarter last year, the firm earned ($0.03) earnings per share. As a group, sell-side analysts predict that Caesarstone Ltd. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSTE. UBS Group AG increased its position in Caesarstone by 113.5% in the 3rd quarter. UBS Group AG now owns 3,185 shares of the construction company's stock valued at $30,000 after acquiring an additional 1,693 shares in the last quarter. Vanguard Group Inc. raised its position in Caesarstone by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 107,753 shares of the construction company's stock worth $1,134,000 after purchasing an additional 2,068 shares during the last quarter. Geode Capital Management LLC boosted its position in Caesarstone by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 218,012 shares of the construction company's stock valued at $1,244,000 after buying an additional 3,445 shares during the last quarter. Swiss National Bank increased its stake in shares of Caesarstone by 6.7% in the 1st quarter. Swiss National Bank now owns 57,400 shares of the construction company's stock valued at $604,000 after buying an additional 3,600 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Caesarstone by 47.5% during the first quarter. Deutsche Bank AG now owns 13,821 shares of the construction company's stock worth $57,000 after acquiring an additional 4,454 shares during the last quarter. 33.70% of the stock is owned by institutional investors.

About Caesarstone

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.