Caesarstone (NASDAQ:CSTE) Upgraded at StockNews.com

StockNews.com upgraded shares of Caesarstone (NASDAQ:CSTEFree Report) from a hold rating to a buy rating in a research report report published on Friday.

Separately, Stifel Nicolaus dropped their price objective on Caesarstone from $5.50 to $5.00 and set a hold rating on the stock in a report on Tuesday, December 19th.

Read Our Latest Analysis on Caesarstone

Caesarstone Trading Down 3.1 %

NASDAQ:CSTE opened at $4.01 on Friday. The firm has a market cap of $138.39 million, a P/E ratio of -1.05 and a beta of 0.39. The company has a current ratio of 2.68, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $4.02 and its 200-day simple moving average is $4.22. Caesarstone has a 12-month low of $3.50 and a 12-month high of $6.19.

Institutional Trading of Caesarstone

Large investors have recently bought and sold shares of the company. UBS Group AG lifted its position in shares of Caesarstone by 113.5% in the third quarter. UBS Group AG now owns 3,185 shares of the construction company’s stock valued at $30,000 after acquiring an additional 1,693 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of Caesarstone in the third quarter valued at $45,000. Deutsche Bank AG lifted its position in shares of Caesarstone by 47.5% in the first quarter. Deutsche Bank AG now owns 13,821 shares of the construction company’s stock valued at $57,000 after acquiring an additional 4,454 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Caesarstone in the first quarter valued at $92,000. Finally, Barclays PLC lifted its position in Caesarstone by 41.8% during the third quarter. Barclays PLC now owns 22,591 shares of the construction company’s stock worth $98,000 after buying an additional 6,660 shares during the period. Institutional investors and hedge funds own 34.53% of the company’s stock.

Caesarstone Company Profile

(Get Free Report)

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered quartz and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, New Zealand, Asia, Israel, Europe, the Middle East, and Africa. The company's engineered quartz slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling and residential construction end markets.

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