Constellium (NYSE:CSTM) Reaches New 1-Year Low – Time to Sell?

Constellium SE (NYSE:CSTM) hit a new 52-week low during trading on Friday . The company traded as low as $8.45 and last traded at $8.64, with a volume of 166 shares trading hands. The stock had previously closed at $9.14.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Constellium Stock Performance

The stock has a market cap of $1.21 billion, a P/E ratio of 26.33 and a beta of 1.64. 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 stock has a fifty day simple moving average of $10.55 and a 200-day simple moving average of $11.70.

Constellium (NYSE:CSTM) last released 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). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Equities analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Constellium

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centiva Capital LP grew its position in shares of Constellium by 166.3% during the 3rd quarter. Centiva Capital LP now owns 27,723 shares of the industrial products company’s stock worth $451,000 after purchasing an additional 17,312 shares in the last quarter. Point72 DIFC Ltd boosted its position in Constellium by 167.5% during the 3rd quarter. Point72 DIFC Ltd now owns 12,105 shares of the industrial products company’s stock worth $197,000 after buying an additional 7,580 shares during the period. Quarry LP raised its position in Constellium by 45.3% during the 3rd quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 2,273 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Constellium by 9.1% in the third quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company’s stock worth $226,000 after acquiring an additional 1,162 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Constellium during the third quarter valued at $3,589,000. 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.