Century Aluminum Co (NASDAQ:CENX) shares were down 0.9% during mid-day trading on Thursday . The stock traded as low as $5.83 and last traded at $5.83, approximately 9,823 shares were traded during trading. A decline of 99% from the average daily volume of 1,121,471 shares. The stock had previously closed at $5.88.
Several analysts have recently issued reports on CENX shares. Zacks Investment Research downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TheStreet downgraded Century Aluminum from a “c-” rating to a “d+” rating in a research note on Wednesday, May 22nd. Finally, BidaskClub downgraded Century Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.14.
The company has a current ratio of 2.45, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a market cap of $522.67 million, a price-to-earnings ratio of -40.50 and a beta of 1.94. The firm has a 50-day moving average of $6.95 and a two-hundred day moving average of $7.69.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.11. Century Aluminum had a negative return on equity of 15.98% and a negative net margin of 7.28%. The business had revenue of $473.10 million during the quarter, compared to analysts’ expectations of $475.87 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Century Aluminum Co will post -1.01 EPS for the current year.
In other Century Aluminum news, Director Andrew G. Michelmore acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $5.78 per share, with a total value of $28,900.00. Following the transaction, the director now owns 40,598 shares of the company’s stock, valued at $234,656.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.03% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Century Aluminum by 2.7% during the 2nd quarter. BlackRock Inc. now owns 7,416,881 shares of the industrial products company’s stock worth $51,250,000 after purchasing an additional 195,810 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 12.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,855,701 shares of the industrial products company’s stock worth $40,463,000 after purchasing an additional 642,337 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Century Aluminum by 0.5% during the 2nd quarter. Fisher Asset Management LLC now owns 1,414,830 shares of the industrial products company’s stock worth $9,776,000 after purchasing an additional 7,024 shares during the last quarter. Royce & Associates LP lifted its position in shares of Century Aluminum by 62.9% during the 1st quarter. Royce & Associates LP now owns 753,592 shares of the industrial products company’s stock worth $6,692,000 after purchasing an additional 290,900 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Century Aluminum by 53.0% in the 2nd quarter. Invesco Ltd. now owns 686,074 shares of the industrial products company’s stock valued at $4,741,000 after acquiring an additional 237,690 shares in the last quarter. 53.20% of the stock is 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 products in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.
See Also: Why is the price-sales ratio important?
Receive News & Ratings for Century Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.