Castellum (NYSEAMERICAN:CTM) Stock Price Up 5.6% – Here’s What Happened

Castellum, Inc. (NYSEAMERICAN:CTMGet Free Report)’s share price traded up 5.6% during mid-day trading on Thursday . The company traded as high as $0.6118 and last traded at $0.6034. 709,264 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 1,112,460 shares. The stock had previously closed at $0.5713.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Castellum to a “hold” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Castellum has an average rating of “Hold”.

Get Our Latest Stock Analysis on Castellum

Castellum Stock Performance

The company has a 50 day moving average of $0.66 and a 200 day moving average of $0.72. The stock has a market capitalization of $57.19 million, a price-to-earnings ratio of -30.17 and a beta of -6.62.

Castellum (NYSEAMERICAN:CTMGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $13.86 million during the quarter, compared to analyst estimates of $16.00 million. Castellum had a negative net margin of 4.13% and a negative return on equity of 6.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Castellum by 21.5% in the third quarter. Vanguard Group Inc. now owns 1,277,915 shares of the company’s stock valued at $1,393,000 after acquiring an additional 225,937 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Castellum in the 2nd quarter valued at $204,000. Geode Capital Management LLC grew its holdings in shares of Castellum by 43.2% during the 2nd quarter. Geode Capital Management LLC now owns 599,198 shares of the company’s stock worth $629,000 after purchasing an additional 180,673 shares during the period. Quadrature Capital Ltd increased its position in shares of Castellum by 290.3% during the 4th quarter. Quadrature Capital Ltd now owns 217,471 shares of the company’s stock worth $196,000 after purchasing an additional 161,752 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Castellum in the 3rd quarter valued at about $133,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Castellum Company Profile

(Get Free Report)

Castellum AB is a Sweden‐based real estate company specializing in the ownership, management and development of commercial properties. The company’s primary focus is on office premises and logistics facilities situated in attractive growth regions across Sweden and the broader Öresund area. With a strategic emphasis on long‐term leases and strong tenant relationships, Castellum aims to deliver stable rental income and capital appreciation over time.

Founded in 1940 and headquartered in Gothenburg, Castellum has grown through a combination of land acquisitions, property development and selective portfolio divestments.

Recommended Stories

Receive News & Ratings for Castellum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castellum and related companies with MarketBeat.com's FREE daily email newsletter.