Century Aluminum (NASDAQ:CENX) Stock Price Crosses Above 200-Day Moving Average of $8.42

Shares of Century Aluminum (NASDAQ:CENXGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.42 and traded as high as $8.74. Century Aluminum shares last traded at $8.73, with a volume of 1,232,072 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CENX. Wolfe Research downgraded Century Aluminum from a “peer perform” rating to an “underperform” rating and set a $4.00 price objective for the company. in a report on Friday, September 30th. TheStreet upgraded shares of Century Aluminum from a “d+” rating to a “c” rating in a report on Tuesday, August 16th. Finally, StockNews.com downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Century Aluminum currently has a consensus rating of “Hold” and an average target price of $14.33.

Century Aluminum Price Performance

The firm has a market capitalization of $797.49 million, a P/E ratio of 5.60 and a beta of 2.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.87 and a quick ratio of 0.92. The stock’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $8.42.

Hedge Funds Weigh In On Century Aluminum

A number of large investors have recently added to or reduced their stakes in CENX. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Century Aluminum during the third quarter worth about $90,000. Balyasny Asset Management LLC grew its stake in shares of Century Aluminum by 2.7% during the third quarter. Balyasny Asset Management LLC now owns 193,080 shares of the industrial products company’s stock worth $1,019,000 after acquiring an additional 5,130 shares during the last quarter. Jade Capital Advisors LLC purchased a new stake in shares of Century Aluminum during the third quarter worth about $79,000. Algert Global LLC grew its stake in shares of Century Aluminum by 1.9% during the third quarter. Algert Global LLC now owns 114,769 shares of the industrial products company’s stock worth $606,000 after acquiring an additional 2,149 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Century Aluminum by 5.4% during the third quarter. Thrivent Financial for Lutherans now owns 52,885 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 2,692 shares during the last quarter. 62.16% of the stock is currently owned by institutional investors.

About Century Aluminum

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Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.

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