Caesarstone (NASDAQ:CSTE) Upgraded to Sell at Wall Street Zen

Caesarstone (NASDAQ:CSTE) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

Caesarstone Price Performance

Shares of CSTE stock opened at $1.09 on Friday. The stock has a market capitalization of $37.68 million, a PE ratio of -0.27 and a beta of -0.03. The business’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.55. Caesarstone has a one year low of $0.56 and a one year high of $3.26.

Caesarstone (NASDAQ:CSTE) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.10). Caesarstone had a negative return on equity of 24.33% and a negative net margin of 34.60%.The firm had revenue of $94.44 million during the quarter, compared to analyst estimates of $93.70 million.

Institutional Trading of Caesarstone

A number of institutional investors have recently bought and sold shares of CSTE. Virtu Financial LLC acquired a new stake in Caesarstone during the 4th quarter worth about $30,000. Citadel Advisors LLC lifted its stake in shares of Caesarstone by 163.7% in the 3rd quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company’s stock valued at $101,000 after purchasing an additional 39,474 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Caesarstone during the 3rd quarter valued at about $89,000. Pitcairn Co. bought a new stake in shares of Caesarstone during the 2nd quarter valued at about $31,000. Finally, Jane Street Group LLC acquired a new stake in Caesarstone during the second quarter worth approximately $263,000. Institutional investors own 33.70% of the company’s stock.

Caesarstone Company Profile

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company’s core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone’s products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.