Caesarstone (NASDAQ:CSTE) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday, BidAskClub reports.

CSTE has been the topic of a number of other research reports. Zacks Investment Research lowered Caesarstone from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. ValuEngine upgraded Caesarstone from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd.

CSTE opened at $11.43 on Friday. Caesarstone has a 52-week low of $7.65 and a 52-week high of $17.85. The company has a quick ratio of 2.00, a current ratio of 3.25 and a debt-to-equity ratio of 0.01. The company has a market cap of $393.14 million, a P/E ratio of 103.92 and a beta of 0.75. The firm’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.70.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings data on Wednesday, August 5th. The construction company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $99.04 million for the quarter. Caesarstone had a net margin of 0.73% and a return on equity of 0.76%.

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Caesarstone by 957.9% during the 1st quarter. JPMorgan Chase & Co. now owns 78,199 shares of the construction company’s stock worth $826,000 after buying an additional 70,807 shares during the period. Morgan Stanley raised its stake in shares of Caesarstone by 21.6% during the 1st quarter. Morgan Stanley now owns 270,196 shares of the construction company’s stock worth $2,856,000 after buying an additional 48,011 shares during the period. Bridgeway Capital Management Inc. raised its stake in shares of Caesarstone by 23.9% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 220,000 shares of the construction company’s stock worth $2,607,000 after buying an additional 42,400 shares during the period. RBF Capital LLC acquired a new position in shares of Caesarstone during the 2nd quarter worth approximately $482,000. Finally, Goldman Sachs Group Inc. raised its stake in Caesarstone by 37.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 127,129 shares of the construction company’s stock valued at $1,506,000 after purchasing an additional 34,749 shares during the last quarter. Institutional investors and hedge funds own 45.02% of the company’s stock.

About Caesarstone

Caesarstone Ltd., together with its subsidiaries, manufactures and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. Its engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market.

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