Caesarstone (CSTE) Shares Up 0%
Caesarstone Ltd (NASDAQ:CSTE)’s share price shot up 0% during trading on Monday . The stock traded as high as $25.35 and last traded at $25.10. 523,498 shares were traded during trading, an increase of 89% from the average session volume of 277,566 shares. The stock had previously closed at $25.10.
Several research firms have commented on CSTE. BidaskClub raised shares of Caesarstone from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Chardan Capital raised shares of Caesarstone from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday. Zacks Investment Research raised shares of Caesarstone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Caesarstone currently has a consensus rating of “Hold” and a consensus target price of $35.00.
The stock has a market cap of $876.50, a PE ratio of 18.24 and a beta of 2.10. The company has a current ratio of 3.31, a quick ratio of 2.20 and a debt-to-equity ratio of 0.02.
Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.
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