StockNews.com initiated coverage on shares of Caesarstone (NASDAQ:CSTE – Free Report) in a report issued on Tuesday. The brokerage issued a hold rating on the construction company’s stock.
Caesarstone Price Performance
CSTE stock opened at $3.22 on Tuesday. The company has a market capitalization of $111.25 million, a PE ratio of -1.60 and a beta of 0.10. Caesarstone has a 12 month low of $3.05 and a 12 month high of $6.81. The firm’s 50-day moving average is $4.05 and its 200 day moving average is $4.34.
Caesarstone (NASDAQ:CSTE – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.12). The company had revenue of $97.86 million during the quarter, compared to analysts’ expectations of $99.40 million. Caesarstone had a negative return on equity of 9.61% and a negative net margin of 14.56%. During the same period in the prior year, the business earned ($0.28) EPS.
Institutional Inflows and Outflows
About Caesarstone
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company’s engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
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