Shares of Castings P.L.C. (LON:CGS – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 360.70 ($4.64) and traded as low as GBX 343.44 ($4.42). Castings shares last traded at GBX 350 ($4.50), with a volume of 3,732 shares.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group dropped their price target on shares of Castings from GBX 550 ($7.07) to GBX 450 ($5.79) and set a “buy” rating for the company in a research note on Wednesday, June 12th.
View Our Latest Report on Castings
Castings Stock Performance
Castings Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 18th will be issued a dividend of GBX 14.19 ($0.18) per share. This is a positive change from Castings’s previous dividend of $4.13. The ex-dividend date is Thursday, July 18th. This represents a yield of 3.84%. Castings’s dividend payout ratio (DPR) is presently 5,142.86%.
Castings Company Profile
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.
Further Reading
- Five stocks we like better than Castings
- With Risk Tolerance, One Size Does Not Fit All
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- ETF Screener: Uses and Step-by-Step Guide
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Castings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castings and related companies with MarketBeat.com's FREE daily email newsletter.