Constellium (NYSE:CSTM) Hits New 1-Year Low – Should You Sell?

Constellium SE (NYSE:CSTM)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.29 and last traded at $9.34, with a volume of 8502 shares trading hands. The stock had previously closed at $9.46.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CSTM shares. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. BMO Capital Markets cut their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Constellium has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Constellium Stock Up 1.3 %

The firm has a 50 day moving average of $10.39 and a 200-day moving average of $13.09. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The stock has a market capitalization of $1.40 billion, a P/E ratio of 12.87 and a beta of 1.68.

Institutional Trading of Constellium

A number of institutional investors and hedge funds have recently modified their holdings of CSTM. Advisors Asset Management Inc. increased its holdings in Constellium by 4.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock valued at $407,000 after buying an additional 1,079 shares during the period. Quantinno Capital Management LP boosted its position in shares of Constellium by 9.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 1,162 shares in the last quarter. Highland Capital Management LLC increased its stake in Constellium by 10.1% in the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock valued at $219,000 after acquiring an additional 1,233 shares during the period. Handelsbanken Fonder AB raised its position in Constellium by 9.7% in the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,645 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.