Constellium (NYSE:CSTM) Reaches New 52-Week Low – Should You Sell?

Constellium SE (NYSE:CSTM)’s share price reached a new 52-week low on Monday . The stock traded as low as $9.83 and last traded at $9.50, with a volume of 1360640 shares changing hands. The stock had previously closed at $9.89.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSTM shares. JPMorgan Chase & Co. lowered their price target on Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. BMO Capital Markets decreased their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. StockNews.com lowered Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $12.00 in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Constellium Price Performance

The firm has a market cap of $1.44 billion, a P/E ratio of 13.22 and a beta of 1.68. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm’s 50 day moving average is $10.76 and its 200 day moving average is $13.42.

Institutional Trading of Constellium

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in Constellium by 4.5% in the third quarter. Advisors Asset Management Inc. now owns 25,001 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 1,079 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Constellium by 9.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after buying an additional 1,162 shares during the last quarter. Highland Capital Management LLC grew its holdings in shares of Constellium by 10.1% in the third quarter. Highland Capital Management LLC now owns 13,462 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 1,233 shares during the period. Handelsbanken Fonder AB increased its position in Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,753 shares during the period. Institutional investors own 92.59% of the company’s stock.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.