Caesarstone (CSTE) Reaches New 52-Week Low at $21.73
Caesarstone Ltd (NASDAQ:CSTE) hit a new 52-week low on Monday . The company traded as low as $21.73 and last traded at $22.00, with a volume of 929300 shares. The stock had previously closed at $21.90.
A number of brokerages have recently weighed in on CSTE. Zacks Investment Research upgraded Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, October 4th. J P Morgan Chase & Co lowered Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research note on Thursday, November 2nd. Finally, Chardan Capital restated a “neutral” rating and set a $32.00 price target (down previously from $43.00) on shares of Caesarstone in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
The company has a debt-to-equity ratio of 0.02, a current ratio of 3.31 and a quick ratio of 2.20. The company has a market capitalization of $741.72, a price-to-earnings ratio of 15.88 and a beta of 2.10.
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Caesarstone Company Profile
Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.
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