Castings P.L.C. (LON:CGS – Get Free Report)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 266.64 and traded as low as GBX 251. Castings shares last traded at GBX 251, with a volume of 30,300 shares.
Castings Price Performance
The business has a 50-day simple moving average of GBX 266.64 and a two-hundred day simple moving average of GBX 263.42. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of £109.13 million, a price-to-earnings ratio of 22.74 and a beta of 0.60.
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.
Further Reading
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