Accuride Corp. (ACW) Shares Gap Up to $1.66
Accuride Corp. (NYSE:ACW)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.87, but opened at $1.66. Accuride Corp. shares last traded at $2.55, with a volume of 6,262,190 shares changing hands.
ACW has been the subject of several recent research reports. B. Riley reaffirmed a “neutral” rating and issued a $1.90 price target on shares of Accuride Corp. in a report on Tuesday, May 10th. Zacks Investment Research cut Accuride Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 29th.
The company’s market capitalization is $124.46 million. The stock has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.47.
Accuride Corp. (NYSE:ACW) last released its earnings results on Tuesday, July 26th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company earned $164.10 million during the quarter, compared to analyst estimates of $170.25 million. During the same period in the prior year, the firm posted $0.13 EPS. Accuride Corp.’s revenue was down 11.5% compared to the same quarter last year. Equities analysts predict that Accuride Corp. will post ($0.25) earnings per share for the current year.
Accuride Corporation is a manufacturer and supplier of commercial vehicle components in North America. The Company’s products include commercial vehicle wheels, wheel-end components and assemblies, and ductile and gray iron castings. The Company’s segments include Wheels, Gunite and Brillion Iron Works.
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