Insider Buying: A M Castle and CEO Buys 26,600 Shares of Stock (CAS)
A M Castle and (NYSE:CAS) CEO Scott J. Dolan bought 26,600 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $9.00 per share, for a total transaction of $239,400.00. Following the completion of the purchase, the chief executive officer now directly owns 119,154 shares in the company, valued at approximately $1,072,386. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A M Castle and (NYSE:CAS) traded up 8.09% on Wednesday, hitting $9.75. The stock had a trading volume of 210,269 shares. A M Castle and has a 52 week low of $8.15 and a 52 week high of $17.38. The stock has a 50-day moving average of $10.37 and a 200-day moving average of $12.69. The company’s market cap is $229.1 million.
A M Castle and (NYSE:CAS) last released its earnings data on Tuesday, July 29th. The company reported ($0.98) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.44) by $0.54. The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $254.70 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect that A M Castle and will post $-2.16 EPS for the current fiscal year.
A number of analysts have recently weighed in on CAS shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of A M Castle and in a research note on Wednesday, July 30th. They now have a $13.00 price target on the stock, down previously from $16.00. Separately, 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.
A. M. CASTLE & CO is a specialty metals and plastics distribution company serving customers on a global basis.
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