Constellium (NYSE:CSTM) Stock Passes Below 200-Day Moving Average – Here’s Why

Constellium SE (NYSE:CSTM)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

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

Constellium Trading Up 1.0 %

The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a fifty day moving average of $11.09 and a 200-day moving average of $14.00. The company has a market cap of $1.53 billion, a PE ratio of 14.12 and a beta of 1.69.

Constellium (NYSE:CSTM) last posted 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 during the quarter, compared to analysts’ expectations of $1.80 billion. Constellium had a return on equity of 10.83% and a net margin of 1.47%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. Sell-side analysts anticipate that Constellium SE will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mountaineer Partners Management LLC lifted its holdings in shares of Constellium by 1,683.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company’s stock worth $145,184,000 after buying an additional 8,428,150 shares during the period. FMR LLC lifted its stake in Constellium by 3.4% in the third quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after acquiring an additional 484,011 shares during the period. Thrivent Financial for Lutherans purchased a new position in Constellium during the 3rd quarter valued at about $7,223,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Constellium in the 3rd quarter valued at about $6,248,000. Finally, Principal Financial Group Inc. lifted its position in shares of Constellium by 35.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock worth $22,693,000 after purchasing an additional 364,423 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.