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.

Several institutional investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Caesarstone by 64.7% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 937,716 shares of the construction company’s stock worth $32,867,000 after purchasing an additional 368,340 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Caesarstone by 10.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 659,000 shares of the construction company’s stock valued at $19,638,000 after acquiring an additional 60,940 shares during the period. State Street Corp lifted its holdings in Caesarstone by 2.1% in the second quarter. State Street Corp now owns 510,307 shares of the construction company’s stock valued at $17,888,000 after acquiring an additional 10,414 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Caesarstone by 10.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 424,588 shares of the construction company’s stock valued at $12,653,000 after acquiring an additional 38,953 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in Caesarstone by 6.9% in the second quarter. TIAA CREF Investment Management LLC now owns 392,021 shares of the construction company’s stock valued at $13,740,000 after acquiring an additional 25,351 shares during the period. 49.64% of the stock is owned by hedge funds and other institutional investors.

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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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