Insider Selling: Cetus Capital, Llc Sells 207,133 Shares of Accuride Stock (ACW)
Accuride (NYSE:ACW) major shareholder Cetus Capital, Llc unloaded 207,133 shares of Accuride stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $5.32, for a total transaction of $1,101,947.56. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. Analysts at CRT Capital upgraded shares of Accuride from a “fair value” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $6.00 price target on the stock, up previously from $4.50. Analysts at Zacks upgraded shares of Accuride from an “underperform” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $4.80 price target on the stock.
Accuride (NYSE:ACW) traded down 0.94% on Monday, hitting $5.25. The stock had a trading volume of 280,198 shares. Accuride has a 1-year low of $3.10 and a 1-year high of $6.88. The stock has a 50-day moving average of $5.33 and a 200-day moving average of $4.41. The company’s market cap is $250.4 million.
Accuride (NYSE:ACW) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.07. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $160.40 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Accuride will post $-0.18 EPS for the current fiscal year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America.
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