Stock News Recap: Castle Brands Inc. (ROX)

Castle Brands Inc. (ROX) stock recently located move of -41.55% off 52-week high price and identified change of 12.36% away from 52-week low price. ROX stock has been recorded -1.93% away from 50 day moving average and -21.59% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.67% off 20-day moving average. It has market worth of $143.25M.

Castle Brands Inc. (ROX) announced financial results for the three and nine months ended December 31, 2018.

Operating highlights for the periods ended December 31, 2018:

  • Net sales increased 4.7% to $68.9 million for the first nine months of fiscal 2019, as compared to $65.8 million for the comparable prior-year period. Net sales decreased 6.4% to $22.5 million for the third quarter of fiscal 2019, as compared to $24.1 million for the comparable prior-year period.
  • Continued growth of Jefferson’s bourbons led to a 20.7% increase in case sales for the first nine months of fiscal 2019 over the comparable prior-year period.
  • Goslings portfolio growth resulted in $47.4 million in revenues on a trailing twelve-month basis, a 9.9% increase over the comparable prior twelve-month period.
  • Goslings Stormy Ginger Beer, the best-selling premium ginger beer in America, case sales surpassed 1,850,000 cases sold on a trailing twelve-month basis, a 7.4% increase over the comparable prior twelve-month period.
  • Income from operations decreased to $0.8 million for the first nine months of fiscal 2019 as compared to $2.8 million for the comparable prior-year period, with a loss from operations of ($1.0) million for the third quarter of fiscal 2019, as compared to income from operations of $1.6 million for the comparable prior-year period. Current period results included a one-time, $1.0 million increase in professional fees.
  • By making opportunistic purchases of aged bourbon and continuing its new fill programs, Castle Brands purchased an additional $11.5 million of bourbon in the nine-month period to support the continued growth of Jefferson’s.

 The Services sector company, Castle Brands Inc. noticed change of -4.60% to $0.83 along volume of 299890 shares in recent session compared to an average volume of 206.42K. The stock observed return of -1.57% in 5 days trading activity. The stock was at -0.84% over one month performance. ROX’s shares are at -13.54% for the quarter and driving a -27.19% return over the course of the past year and is now at -2.41% since this point in 2018.   The average volatility for the week at 5.53% and for month was at 5.24%. There are 172.59M shares outstanding and 90.21M shares are floated in market. Right now the stock beta is 0.51.

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