Posted by admin on Aug 16th, 2022
Shares of Castings P.L.C. (LON:CGS – Get Rating) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 319.34 ($3.86) and traded as low as GBX 300.16 ($3.63). Castings shares last traded at GBX 308 ($3.72), with a volume of 7,416 shares trading hands.
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 530 ($6.40) price objective on shares of Castings in a report on Wednesday, May 4th.
The company has a fifty day simple moving average of GBX 319.34 and a 200-day simple moving average of GBX 320.08. The company has a market cap of £130.06 million and a P/E ratio of 1,540.00.
The business also recently declared a dividend, which was paid on Tuesday, July 26th. Investors of record on Thursday, June 23rd were paid a GBX 15 ($0.18) dividend. The ex-dividend date was Thursday, June 23rd. This represents a yield of 5.17%. This is a boost from Castings’s previous dividend of $12.57. Castings’s dividend payout ratio (DPR) is currently 76.75%.
In other Castings news, insider Brian J. Cooke purchased 3,000 shares of the stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of GBX 309 ($3.73) per share, for a total transaction of £9,270 ($11,201.06).
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, grey iron, 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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