Castle Brands Inc (NYSE:ROX) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Separately, Zacks Investment Research upgraded Castle Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 11th.
Castle Brands (NYSE:ROX) opened at 0.8719 on Monday. Castle Brands has a 12 month low of $0.70 and a 12 month high of $1.47. The stock’s 50 day moving average price is $0.87 and its 200-day moving average price is $0.86. The stock’s market cap is $140.08 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co purchased a new position in Castle Brands during the second quarter valued at approximately $179,000. Geode Capital Management LLC raised its position in Castle Brands by 1.5% in the first quarter. Geode Capital Management LLC now owns 457,085 shares of the company’s stock valued at $429,000 after buying an additional 6,960 shares during the period. State Street Corp raised its position in Castle Brands by 7.6% in the first quarter. State Street Corp now owns 492,787 shares of the company’s stock valued at $462,000 after buying an additional 34,974 shares during the period. Finally, Bridgeway Capital Management Inc. raised its position in Castle Brands by 59.4% in the second quarter. Bridgeway Capital Management Inc. now owns 939,187 shares of the company’s stock valued at $688,000 after buying an additional 350,000 shares during the period.
About Castle Brands
Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.
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