Castle Brands Inc (NYSE:ROX) was up 9.8% during mid-day trading on Monday . The company traded as high as $1.49 and last traded at $1.46. Approximately 1,471,187 shares traded hands during trading, an increase of 34% from the average daily volume of 1,101,100 shares. The stock had previously closed at $1.33.

Separately, Zacks Investment Research cut Castle Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.

The company’s market cap is $231.67 million. The stock has a 50 day moving average price of $1.59 and a 200 day moving average price of $1.61.

Castle Brands (NYSE:ROX) last announced its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $18.18 million. Castle Brands had a negative net margin of 4.15% and a negative return on equity of 201.80%. On average, equities analysts forecast that Castle Brands Inc will post $0.02 earnings per share for the current year.

Several large investors have recently made changes to their positions in ROX. Bank of New York Mellon Corp boosted its position in shares of Castle Brands by 28.4% during the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock valued at $106,000 after buying an additional 15,007 shares during the last quarter. EAM Investors LLC purchased a new position in shares of Castle Brands during the first quarter valued at approximately $633,000. KCG Holdings Inc. boosted its position in shares of Castle Brands by 521.1% during the first quarter. KCG Holdings Inc. now owns 179,607 shares of the company’s stock valued at $278,000 after buying an additional 150,688 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Castle Brands by 245.9% during the first quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock valued at $606,000 after buying an additional 277,822 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Castle Brands during the second quarter valued at approximately $256,000.

ILLEGAL ACTIVITY WARNING: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/13/castle-brands-inc-rox-trading-up-9-8.html.

About Castle Brands

Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.

Receive News & Stock Ratings for Castle Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Brands Inc and related stocks with our FREE daily email newsletter.