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

Constellium SE (NYSE:CSTM)’s share price reached a new 52-week low on Monday . The stock traded as low as $9.83 and last traded at $9.50, with a volume of 1360640 shares trading hands. The stock had previously closed at $9.89.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CSTM. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Constellium from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $12.00 in a research report on Thursday, October 24th. BMO Capital Markets lowered their price objective on shares of Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Constellium presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Price Performance

The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The company has a market capitalization of $1.41 billion, a PE ratio of 12.97 and a beta of 1.68. The company’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $13.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CSTM. Geneos Wealth Management Inc. purchased a new stake in shares of Constellium in the fourth quarter valued at about $31,000. Blue Trust Inc. lifted its stake in shares of Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares during the period. Quarry LP lifted its stake in shares of Constellium by 45.3% in the third quarter. Quarry LP now owns 7,296 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 2,273 shares during the period. Signaturefd LLC lifted its stake in shares of Constellium by 41.5% in the third quarter. Signaturefd LLC now owns 9,557 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,805 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Constellium in the third quarter valued at about $168,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.