November 30, 2016 - By Dolores Ford · 0 Comments
The stock of Caesarstone Limited Ord (NASDAQ:CSTE) registered a decrease of 2.97% in short interest. CSTE’s total short interest was 2.11 million shares in November as published by FINRA. Its down 2.97% from 2.18M shares, reported previously. With 134,200 shares average volume, it will take short sellers 16 days to cover their CSTE’s short positions. The short interest to Caesarstone Limited Ord’s float is 14.46%. About 79,421 shares traded hands. Caesarstone Ltd (NASDAQ:CSTE) has declined 29.74% since April 27, 2016 and is downtrending. It has underperformed by 34.97% the S&P500.
Caesarstone Ltd. is a manufacturer of engineered quartz surfaces. The company has a market cap of $922.02 million. The Company’s engineered quartz surfaces are installed as countertops in residential kitchens. It has a 12.18 P/E ratio. The Company’s products are used as kitchen countertops in the renovation, remodeling and residential construction end markets.
Out of 8 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Caesarstone Sdot-Yam has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Chardan Capital Markets maintained it with “Buy” rating and $39 target price in Monday, November 7 report. The firm has “Neutral” rating given on Thursday, August 6 by Bank of America. UBS downgraded the shares of CSTE in a report on Monday, November 7 to “Neutral” rating. As per Tuesday, October 6, the company rating was downgraded by SprucePoint Capital. The firm earned “Buy” rating on Thursday, October 29 by Stifel Nicolaus. JP Morgan maintained the shares of CSTE in a report on Monday, August 24 with “Buy” rating. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, November 2. The company was maintained on Tuesday, October 13 by Barclays Capital. The firm earned “Buy” rating on Friday, October 2 by Stifel Nicolaus. Stifel Nicolaus maintained Caesarstone Ltd (NASDAQ:CSTE) rating on Thursday, February 11. Stifel Nicolaus has “Buy” rating and $45 price target.
Caesarstone Ltd., incorporated on December 31, 1989, is a maker of engineered quartz surfaces. The Company’s engineered quartz surfaces are installed as countertops in residential kitchens. The Company’s products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets. The other applications of its products include vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in a range of residential and non-residential applications. The Company’s engineered quartz slabs measure over 120 inches long by approximately 56.5 inches wide, and over 130 inches long by approximately 65 inches wide with a thickness of approximately 0.5 of an inch, over 0.75 of an inch or approximately 1.25 inches. The Company’s creates range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The Firm sells its products under the Caesarstone brand.
More notable recent Caesarstone Ltd (NASDAQ:CSTE) news were published by: Fool.com which released: “Why Shares of Caesarstone Ltd. Surged Higher Today” on September 12, 2016, also Fool.com with their article: “Why Shares of Caesarstone Ltd. Are Soaring Today” published on August 03, 2016, Marketwatch.com published: “Caesarstone downgraded to hold from buy at Stifel Nicolaus” on March 22, 2012. More interesting news about Caesarstone Ltd (NASDAQ:CSTE) were released by: Fool.com and their article: “Caesarstone Ltd Sees Growth Slow in U.S. Market During Fourth Quarter” published on February 11, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Caesarstone Ltd.CSTE” with publication date: February 16, 2012.
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By Dolores Ford