Constellium (NYSE:CSTM) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Constellium SE (NYSE:CSTM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.00 and traded as low as $10.17. Constellium shares last traded at $10.45, with a volume of 1,443,214 shares trading hands.

Wall Street Analyst Weigh In

CSTM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and decreased their price target for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. StockNews.com downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, BMO Capital Markets decreased their target price on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.50.

Constellium Trading Down 2.7 %

The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The business has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $13.94. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 13.76 and a beta of 1.69.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, equities analysts anticipate that Constellium SE will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,753 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Constellium during the fourth quarter worth about $31,000. Point72 DIFC Ltd bought a new position in shares of Constellium during the second quarter worth about $85,000. Quarry LP increased its holdings in shares of Constellium by 290.0% in the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 3,735 shares during the period. Finally, Signaturefd LLC lifted its position in Constellium by 41.5% in the 3rd quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,805 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

About Constellium

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.