Castings (LON:CGS) Stock Passes Above 50-Day Moving Average – Time to Sell?

Castings P.L.C. (LON:CGS) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 251.84 and traded as high as GBX 262.02. Castings shares last traded at GBX 262, with a volume of 5,409 shares.

Castings Stock Performance

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 cap of £113.91 million, a price-to-earnings ratio of 23.73 and a beta of 0.43. The company has a 50 day simple moving average of GBX 251.84 and a 200 day simple moving average of GBX 261.42.

Insider Buying and Selling

In other Castings news, insider Adam Vicary bought 5,000 shares of the stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of GBX 220 per share, with a total value of £11,000. Insiders own 1.04% of the company’s stock.

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.