Castings (LON:CGS) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Castings P.L.C. (LON:CGS - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 312.96 ($4.09) and traded as high as GBX 314 ($4.10). Castings shares last traded at GBX 305 ($3.98), with a volume of 399 shares trading hands.

Separately, Canaccord Genuity Group reduced their price objective on shares of Castings from GBX 460 ($6.01) to GBX 390 ($5.09) and set a "buy" rating for the company in a research note on Tuesday, August 20th.

View Our Latest Research Report on CGS

The company has a market capitalization of £132.12 million, a price-to-earnings ratio of 815.79 and a beta of 0.60. The company has a 50-day moving average price of GBX 312.96 and a 200-day moving average price of GBX 348.28.

In related news, insider Steve Mant purchased 3,230 shares of Castings stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of GBX 308 ($4.02) per share, with a total value of £9,948.40 ($12,990.86). In other Castings news, insider Steve Mant acquired 3,230 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of GBX 308 ($4.02) per share, for a total transaction of £9,948.40 ($12,990.86). Also, insider Adam Vicary acquired 3,500 shares of Castings stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of GBX 300 ($3.92) per share, with a total value of £10,500 ($13,711.15). Over the last quarter, insiders have purchased 10,037 shares of company stock worth $3,040,247. Insiders own 21.35% of the company's stock.

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.

Before you consider Castings, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Castings wasn't on the list.

While Castings currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.