Castle (A.M.) & Co. (CAS) Shares are Up 4.32%

Castle (A.M.) & Co. (CAS) has been under a strong bear grip, hence the stock is down -17.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.87% in the past 1 week. The stock has risen by 4.32% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.7% in the past 4 weeks.

Castle (A.M.) & Co. (NYSE:CAS): The stock was completely flat for the day, closing at $1.45 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.46, the stock touched an intraday high of $1.52 and a low of $1.40. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.45. The total trading volume on Friday was 46,480.

The stock has recorded a 20-day Moving Average of 7.58% and the 50-Day Moving Average is 13.97%. A. M. Castle & Co. has dropped 54.83% during the last 3-month period . Year-to-Date the stock performance stands at -8.81%.


A. M. Castle & Co. is a specialty metals and plastics distribution company serving customers on a global basis. The Company operates in two segments: Metal and Plastics segment. The Company distributes and performs processing on both metals and plastics. The Company provides a range of products and value-added processing and supply chain services to an array of customers. Its metals customers are principally within the producer durable equipment, oil and gas, aerospace, heavy industrial equipment, industrial goods and construction equipment sectors of the global economy, and its plastics customers are primarily in the retail, marine and automotive sectors. The Company operates out of 29 metals service centers located throughout North America (24), Europe (three) and Asia (two) and 18 plastics service centers located in the United States. It holds a 50% joint venture interest in Kreher Steel Company, LLC, a national distributor and processor of carbon and alloy steel bar products.

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