Caesarstone Ltd. (NASDAQ:CSTE) Brief Interest Update

Caesarstone Ltd. (NASDAQ: CSTE – Get a rating) was the target of strong short-term interest growth in February. As of February 15, there was short interest totaling 264,700 shares, a growth of 34.6% from the total of 196,600 shares as of January 31. Currently, 1.3% of the stock’s shares are sold short. Based on an average daily trading volume of 113,800 shares, the short interest ratio is currently 2.3 days.

A number of equity analysts have recently commented on CSTE shares. Zacks Investment Research moved Caesarstone shares from a “hold” rating to a “strong sell” rating in a Tuesday, Feb. 15 research note. moved Caesarstone shares from a “hold” rating to a “sell” rating in a Friday, Feb. 11 research note. Finally, TheStreet upgraded Caesarstone’s shares from a “b” to a “c+” rating in a Friday, Dec. 10 research note.

Shares of CSTE opened at $11.49 on Monday. Caesarstone has a 1-year low of $10.20 and a 1-year high of $19.80. The company has a 50-day moving average of $12.06 and a 200-day moving average of $12.31. The company has a market capitalization of $395.68 million, a price-earnings ratio of 22.10 and a beta of 0.77. The company has a debt ratio of 0.01, a current ratio of 2.23 and a quick ratio of 1.11.

(A d)

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Caesarstone (NASDAQ:CSTE – Get a rating) last reported quarterly earnings data on Wednesday, February 9. The construction company reported earnings per share of $0.01 for the quarter, missing analyst consensus estimates of $0.06 per ($0.05). Caesarstone had a net margin of 2.95% and a return on equity of 5.47%. In the same quarter of the previous year, the company recorded EPS of ($0.07). On average, stock analysts expect Caesarstone to post earnings per share of 0.91 for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Barclays PLC increased its equity stake in Caesarstone by 215.4% in the fourth quarter. Barclays PLC now owns 29,586 shares in the construction company valued at $336,000 after buying a further 20,205 shares last quarter. Wells Fargo & Company MN purchased a new stake in Caesarstone stock in Q4 valued at approximately $141,000. Parametric Portfolio Associates LLC increased its holdings of Caesarstone shares by 11.7% in the fourth quarter. Parametric Portfolio Associates LLC now owns 107,207 shares of the construction company valued at $1,216,000 after purchasing an additional 11,271 shares in the last quarter. Stifel Financial Corp increased its stake in Caesarstone shares by 17.0% in the fourth quarter. Stifel Financial Corp now owns 12,980 shares of the construction company valued at $147,000 after buying an additional 1,884 shares last quarter. Finally, Marshall Wace LLP purchased a new equity stake in Caesarstone in Q4 valued at approximately $409,000. Institutional investors and hedge funds hold 53.44% of the company’s shares.

Caesarstone Company Profile (Get a rating)

Caesarstone Ltd. is engaged in the manufacture and sale of quartz surface products. Its engineered quartz surface slabs are applicable for vanity tops, wall panels, backsplashes, floor tiles, stairs and other interior surfaces. The company offers its products under its Caesarstone brand. Caesarstone was founded in 1987 and is headquartered in Kibbutz Sdot-Yam, Israel.

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