Century Aluminum (NASDAQ:CENX – Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 6,820,000 shares, a decline of 8.3% from the May 15th total of 7,440,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 4.9 days. Currently, 13.3% of the shares of the company are sold short.
Century Aluminum Price Performance
Shares of CENX stock traded down $0.17 on Tuesday, reaching $15.29. The company’s stock had a trading volume of 1,004,534 shares, compared to its average volume of 1,387,608. The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. Century Aluminum has a 12-month low of $5.70 and a 12-month high of $19.88. The company has a market capitalization of $1.42 billion, a P/E ratio of 7.09 and a beta of 2.57. The stock’s 50 day simple moving average is $17.24 and its 200-day simple moving average is $13.43.
Century Aluminum (NASDAQ:CENX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.20). The business had revenue of $489.50 million during the quarter, compared to analysts’ expectations of $520.30 million. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. As a group, equities analysts predict that Century Aluminum will post 3.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
CENX has been the topic of several recent research reports. BMO Capital Markets increased their target price on Century Aluminum from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd.
View Our Latest Report on CENX
Century Aluminum Company Profile
Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.
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