Accuride Corp. (ACW) Shares Gap Up to $1.66
Shares of Accuride Corp. (NYSE:ACW) 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.
Several equities analysts recently weighed in on ACW shares. Zacks Investment Research upgraded shares of Accuride Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. B. Riley reaffirmed a “neutral” rating and set a $1.90 price objective on shares of Accuride Corp. in a report on Tuesday, May 10th.
The company’s 50 day moving average is $1.50 and its 200-day moving average is $1.47. The firm’s market cap is $124.46 million.
Accuride Corp. (NYSE:ACW) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company earned $164.10 million during the quarter, compared to analysts’ expectations of $170.25 million. During the same period in the prior year, the firm earned $0.13 EPS. Accuride Corp.’s revenue for the quarter was down 11.5% compared to the same quarter last year. On average, analysts anticipate that Accuride Corp. will post ($0.25) EPS 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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