Century Aluminum (NASDAQ:CENX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Century Aluminum (NASDAQ:CENX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.29 and traded as high as $18.96. Century Aluminum shares last traded at $18.41, with a volume of 655,815 shares trading hands.

Analysts Set New Price Targets

CENX has been the topic of a number of recent analyst reports. Wolfe Research raised Century Aluminum from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Tuesday, December 3rd. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. B. Riley raised their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets upped their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th.

Century Aluminum Trading Down 3.1 %

The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.71 billion, a P/E ratio of 6.16 and a beta of 2.50. The business has a 50-day moving average price of $20.63 and a two-hundred day moving average price of $17.30.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.31. The company had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same quarter last year, the firm earned ($0.13) EPS. On average, analysts predict that Century Aluminum will post 0.56 EPS for the current year.

Institutional Trading of Century Aluminum

Institutional investors have recently bought and sold shares of the business. MQS Management LLC raised its holdings in Century Aluminum by 8.1% in the second quarter. MQS Management LLC now owns 11,792 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 883 shares during the period. GAMMA Investing LLC raised its position in shares of Century Aluminum by 39.6% during the third quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,233 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Century Aluminum by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,893 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 1,335 shares in the last quarter. Quest Partners LLC grew its position in shares of Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,385 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Century Aluminum by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 366,804 shares of the industrial products company’s stock valued at $6,144,000 after purchasing an additional 1,641 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.