An issue of A. M. Castle & Co (NYSE:CAS) debt rose 3% as a percentage of its face value during trading on Tuesday, Marketbeat reports. The high-yield debt issue has a 12.75% coupon and will mature on December 15, 2016. The debt is now trading at $71.00. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

A. M. Castle & Co (NYSE:CAS) opened at 1.55 on Wednesday. A. M. Castle & Co has a 12-month low of $1.28 and a 12-month high of $7.01. The company has a 50-day moving average price of $1.81 and a 200 day moving average price of $2.66. The company’s market cap is $36.85 million.

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 (NYSE:CAS), 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.

12 Month Chart for NYSE:CAS

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