Revenue Update on A. M. Castle & Co(NYSE:CAS)

A. M. Castle & Co(NYSE:CAS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $-0.64.

A. M. Castle & Co (CAS) made into the market gainers list on Wednesdays trading session with the shares advancing 1.40% or 0.02 points. Due to strong positive momentum, the stock ended at $1.45, which is also near the day’s high of $1.47. The stock began the session at $1.43 and the volume stood at 36,623 shares. The 52-week high of the shares is $5.1 and the 52 week low is $1.2601. The company has a current market capitalization of $47 M and it has 3,26,42,620 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2015, Patrick R. Anderson (CFO) purchased 10,000 shares at $2.88 per share price.Also, On Aug 13, 2015, Reuben Simpson Donnelley (director 10% owner) purchased 14,890 shares at $3.44 per share price.

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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