Castle Brands (NYSEAMERICAN:ROX) Sees Large Volume Increase
Castle Brands Inc (NYSEAMERICAN:ROX) shares saw strong trading volume on Wednesday . 1,213,193 shares traded hands during trading, an increase of 199% from the previous session’s volume of 405,532 shares.The stock last traded at $0.60 and had previously closed at $0.52.
A number of research firms have weighed in on ROX. Maxim Group reissued a “hold” rating on shares of Castle Brands in a research report on Wednesday, June 19th. Barrington Research restated a “buy” rating and set a $1.35 price target on shares of Castle Brands in a report on Wednesday, June 19th. Zacks Investment Research upgraded Castle Brands from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, TheStreet upgraded Castle Brands from a “d” rating to a “c-” rating in a report on Wednesday, June 26th.
Castle Brands (NYSEAMERICAN:ROX) last announced its earnings results on Friday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $22.64 million for the quarter, compared to analyst estimates of $22.87 million.
About Castle Brands (NYSEAMERICAN:ROX)
Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.
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