Accuride Corp. (ACW) Shares Gap Down to $1.66
Accuride Corp. (NYSE:ACW) shares gapped down before the market opened on Monday . The stock had previously closed at $0.87, but opened at $1.66. Accuride Corp. shares last traded at $2.58, with a volume of 8,113,400 shares.
A number of research analysts have commented on the company. B. Riley reaffirmed a “neutral” rating and set a $1.50 target price on shares of Accuride Corp. in a report on Wednesday, July 27th. Zacks Investment Research raised Accuride Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th.
The company’s market cap is $124.46 million. The firm 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 posted its earnings results on Tuesday, July 26th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $164.10 million for the quarter, compared to the consensus estimate of $170.25 million. During the same quarter last year, the business earned $0.13 earnings per share. Accuride Corp.’s quarterly revenue was down 11.5% on a year-over-year basis. On average, equities analysts predict that Accuride Corp. will post ($0.25) earnings per share for the current fiscal 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.