Castings (LON:CGS) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Castings P.L.C. (LON:CGS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 260.77 and traded as low as GBX 253. Castings shares last traded at GBX 266, with a volume of 2,514 shares changing hands.

Castings Price Performance

The stock’s 50-day simple moving average is GBX 251.03 and its 200 day simple moving average is GBX 260.77. 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 company has a market cap of £115.65 million, a price-to-earnings ratio of 24.09 and a beta of 0.36.

Insider Buying and Selling

In related news, insider Adam Vicary bought 5,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were bought at an average price of GBX 220 per share, with a total value of £11,000. 1.04% of the stock is owned by insiders.

About Castings

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.