Castings (LON:CGS) Stock Passes Below 50 Day Moving Average – Here’s Why

Posted by Nicole Kennedy on Sep 16th, 2026

Castings P.L.C. (LON:CGS – Get Free Report)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 311.57 and traded as low as GBX 287. Castings shares last traded at GBX 308, with a volume of 10,017 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 390 target price on shares of Castings in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Castings currently has a consensus rating of “Buy” and a consensus target price of GBX 390.

Get Our Latest Analysis on Castings

Castings Stock Performance

The firm has a market capitalization of £129.56 million, a P/E ratio of 17.28 and a beta of 0.44. The company has a 50-day moving average of GBX 310.79 and a 200-day moving average of GBX 286.81. The company has a current ratio of 3.36, a quick ratio of 2.76 and a debt-to-equity ratio of 1.69.

Castings (LON:CGS – Get Free Report) last released its quarterly earnings results on Wednesday, June 17th. The company reported GBX 17.36 EPS for the quarter. The firm had revenue of £173.23 million for the quarter. Castings had a return on equity of 5.98% and a net margin of 4.36%. On average, equities analysts anticipate that Castings P.L.C. will post 17.2492837 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Steve Mant bought 5,959 shares of Castings stock in a transaction that occurred on Thursday, July 23rd. The shares were acquired at an average cost of GBX 335 per share, for a total transaction of £19,962.65. 1.09% of the stock is owned by insiders.

About Castings

(Get Free Report)

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.