A M Castle and Sets New 52-Week Low at $10.76 (CAS)
Shares of A M Castle and (NYSE:CAS) reached a new 52-week low on Thursday , American Banking & Market News reports. The company traded as low as $10.76 and last traded at $10.89, with a volume of 52,574 shares trading hands. The stock had previously closed at $11.28.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of A M Castle and from a “hold” rating to a “sell” rating in a research note on Thursday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of A M Castle and in a research note on Monday, June 23rd. They now have a $16.00 price target on the stock, down previously from $17.00. Finally, 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.
The stock has a 50-day moving average of $11.67 and a 200-day moving average of $13.46. The company’s market cap is $256.1 million.
A M Castle and (NYSE:CAS) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, analysts predict that A M Castle and will post $-1.28 earnings per share 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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