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.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. The business had revenue of $470.00 million for the quarter, compared to analysts’ expectations of $458.03 million. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. equities analysts anticipate that Century Aluminum Co will post 0.91 earnings per share for the current fiscal year.

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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