Castings (LON:CGS) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Castings P.L.C. (LON:CGS)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 264.72 and traded as high as GBX 321. Castings shares last traded at GBX 316, with a volume of 4,045 shares changing hands.

Castings Price Performance

The company has a debt-to-equity ratio of 1.71, a current ratio of 2.77 and a quick ratio of 2.76. The company has a market capitalization of £137.39 million, a PE ratio of 28.62 and a beta of 0.43. The firm has a 50-day moving average of GBX 264.72 and a 200 day moving average of GBX 265.26.

Insider Activity at Castings

In other Castings news, insider Adam Vicary acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average cost of GBX 220 per share, with a total value of £11,000. 1.05% of the stock is owned by company insiders.

About Castings

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.