A M Castle and Hits New 1-Year Low at $11.38 (CAS)
Shares of A M Castle and (NYSE:CAS) reached a new 52-week low during mid-day trading on Friday , Stock Ratings Network.com reports. The company traded as low as $11.38 and last traded at $11.64, with a volume of 46,910 shares changing hands. The stock had previously closed at $11.54.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of A M Castle and in a research note on Thursday, June 5th. They now have a $16.00 price target on the stock, down previously from $17.00. Separately, analysts at Zacks downgraded shares of A M Castle and from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of A M Castle and in a research note on Wednesday, April 30th. They now have a $17.00 price target on the stock.
The stock’s 50-day moving average is $12.32 and its 200-day moving average is $13.76. The company’s market cap is $273.0 million.
A M Castle and (NYSE:CAS) last announced its earnings results on Tuesday, April 29th. The company reported ($0.67) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.19) by $0.48. The company had revenue of $253.40 million for the quarter, compared to the consensus estimate of $252.75 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. Analysts expect that A M Castle and will post $-1.04 EPS for the current fiscal year.
A. M. CASTLE & CO is a specialty metals and plastics distribution company serving customers on a global basis.
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