Century Aluminum (NASDAQ:CENX) Stock Price Up 6.8%

Century Aluminum Co (NASDAQ:CENX)’s stock price rose 6.8% during trading on Wednesday . The stock traded as high as $7.01 and last traded at $7.00, approximately 1,023,684 shares changed hands during mid-day trading. A decline of 24% from the average daily volume of 1,344,332 shares. The stock had previously closed at $6.55.

Separately, BidaskClub upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Century Aluminum has an average rating of “Hold” and a consensus target price of $12.14.

The company has a quick ratio of 0.79, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The firm has a market cap of $638.26 million, a price-to-earnings ratio of -49.96 and a beta of 1.89. The stock’s 50 day moving average is $6.26 and its 200 day moving average is $7.18.



Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.11. The firm had revenue of $473.10 million for the quarter, compared to analyst estimates of $475.87 million. Century Aluminum had a negative net margin of 7.28% and a negative return on equity of 15.98%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. Analysts anticipate that Century Aluminum Co will post -1.19 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Century Aluminum by 2.7% in the second quarter. BlackRock Inc. now owns 7,416,881 shares of the industrial products company’s stock worth $51,250,000 after buying an additional 195,810 shares during the last quarter. Vanguard Group Inc. grew its position in Century Aluminum by 12.3% in the second quarter. Vanguard Group Inc. now owns 5,855,701 shares of the industrial products company’s stock worth $40,463,000 after buying an additional 642,337 shares during the last quarter. Fisher Asset Management LLC grew its position in Century Aluminum by 0.5% in the second quarter. Fisher Asset Management LLC now owns 1,414,830 shares of the industrial products company’s stock worth $9,776,000 after buying an additional 7,024 shares during the last quarter. Royce & Associates LP grew its position in Century Aluminum by 62.9% in the first quarter. Royce & Associates LP now owns 753,592 shares of the industrial products company’s stock worth $6,692,000 after buying an additional 290,900 shares during the last quarter. Finally, Invesco Ltd. grew its position in Century Aluminum by 53.0% in the second quarter. Invesco Ltd. now owns 686,074 shares of the industrial products company’s stock worth $4,741,000 after buying an additional 237,690 shares during the last quarter. Hedge funds and other institutional investors own 54.05% of the company’s stock.

About Century Aluminum (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.

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