Century Aluminum Co. Reports Q3 Loss of $16.8M (CENX)

Century Aluminum Co. （NASDAQ:CENX） reported a Q3 loss of $16.8 million, or $0.18 per share, following the closing bell Tuesday afternoon.

The company net income in the year-ago period was $40.1 million, or $0.45 per share.

Revenue rose from $228.7 million in the year-ago period to $279.2 million during Q3.

Worldwide aluminum inventories "remain high and economic activity in, and the state of finances of, developed regions remain a concern," said CEO Logan W. Kruger. "We thus continue to manage the company with a bias toward protecting the downside."

Century Aluminum has a potential upside of 11% based on a current price of $13.63 and an average consensus analyst price target of $15.13.

Century Aluminum is currently above its 50-day moving average （MA） of $11.91 and above its 200-day of $12.20.

In the last five trading sessions, the 50-day MA has climbed 2.29% while the 200-day MA has slid 0.83%.

Century Aluminum produces primary aluminum, in both molten and ingot form, through facilities located in the United States.

The company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in Hawesville, Kentucky.