Constellium (NYSE:CSTM) Reaches New 52-Week Low – Here’s Why

Constellium SE (NYSE:CSTM) shares reached a new 52-week low on Tuesday . The stock traded as low as $9.25 and last traded at $9.38, with a volume of 73424 shares changing hands. The stock had previously closed at $9.34.

Analyst Upgrades and Downgrades

CSTM has been the subject of several research analyst reports. StockNews.com downgraded shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets decreased their price target on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Constellium presently has an average rating of “Moderate Buy” and an average target price of $19.50.

Constellium Trading Up 14.6 %

The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm’s 50-day moving average price is $10.19 and its 200 day moving average price is $12.85. The company has a market capitalization of $1.53 billion, a P/E ratio of 14.05 and a beta of 1.68.

Constellium (NYSE:CSTM) last posted its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 10.83% and a net margin of 1.47%. As a group, equities research analysts predict that Constellium SE will post 0.68 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in Constellium during the fourth quarter worth about $31,000. Blue Trust Inc. boosted its holdings in Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,753 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Constellium during the fourth quarter worth about $70,000. Quadrant Capital Group LLC boosted its holdings in Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Constellium during the fourth quarter worth about $106,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Company Profile

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.