Castleton Technology (LON:CTP) Hits New 52-Week Low Following Analyst Downgrade

Castleton Technology PLC (LON:CTP) shares reached a new 52-week low on Thursday after FinnCap lowered their price target on the stock from GBX 140 to GBX 130. FinnCap currently has a corporate rating on the stock. Castleton Technology traded as low as GBX 48 ($0.63) and last traded at GBX 54 ($0.71), with a volume of 3494560 shares trading hands. The stock had previously closed at GBX 54 ($0.71).

The stock has a fifty day moving average price of GBX 94.57 and a two-hundred day moving average price of GBX 101.59. The company has a market cap of $46.58 million and a P/E ratio of 11.88. The company has a debt-to-equity ratio of 23.62, a current ratio of 0.71 and a quick ratio of 0.64.

About Castleton Technology (LON:CTP)

Castleton Technology plc, an investment holding company, provides software and managed services to the public and not-for-profit sectors in the United Kingdom and Australia. It operates through Managed Services and Software Solutions segments. The Managed Services segment offers information technology (IT) infrastructure and support for businesses.

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