Century Aluminum (CENX) Shares Down 10.3%
Century Aluminum Co (NASDAQ:CENX) shares traded down 10.3% during mid-day trading on Monday . The stock traded as low as $11.81 and last traded at $11.89. 3,687,800 shares traded hands during trading, an increase of 75% from the average session volume of 2,103,069 shares. The stock had previously closed at $13.25.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. ValuEngine downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. B. Riley initiated coverage on shares of Century Aluminum in a research note on Thursday, June 21st. They issued a “buy” rating and a $27.00 target price on the stock. Berenberg Bank initiated coverage on shares of Century Aluminum in a research note on Friday, September 21st. They issued a “sell” rating and a $10.00 target price on the stock. Finally, Zacks Investment Research cut shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.57.
The company has a market cap of $1.04 billion, a price-to-earnings ratio of 34.97 and a beta of 0.70. The company has a current ratio of 2.89, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC bought a new stake in Century Aluminum in the second quarter valued at about $400,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Century Aluminum in the second quarter valued at about $166,000. CIBC World Markets Inc. bought a new stake in Century Aluminum in the first quarter valued at about $200,000. Engineers Gate Manager LP acquired a new position in Century Aluminum in the second quarter valued at about $197,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Century Aluminum by 497.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock valued at $207,000 after buying an additional 10,450 shares in the last quarter. 56.00% of the stock is currently owned by institutional investors and hedge funds.
Century Aluminum Company Profile (NASDAQ:CENX)
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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