A M Castle and Hits New 52-Week Low at $10.74 (CAS)
A M Castle and (NYSE:CAS) shares hit a new 52-week low during mid-day trading on Friday , American Banking News.com reports. The stock traded as low as $10.74 and last traded at $10.84, with a volume of 38,380 shares trading hands. The stock had previously closed at $10.91.
CAS has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of A M Castle and from a “hold” rating to a “sell” rating in a research note on Thursday, July 10th. 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 $11.37 and a 200-day moving average of $13.19. The company’s market cap is $254.5 million.
A. M. CASTLE & CO is a specialty metals and plastics distribution company serving customers on a global basis.
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