The manufacturer of the Israeli Quartz -Quartz company has decreased in difficult times due to Chinese competition, but the customs tariff can enhance its revenues.
Despite the sharp decrease in Wall Street at the end of last week, a small number of stocks recorded strong gains including the Israeli quartz -combating manufacturer Caesarstone (Nasdaq: CSTE). The company's share price increased by 7.6 % on Friday, after trading by 3.3 % on Thursday. The increases were specifically on Friday against the backdrop of the tariff issue – the United States raised the definitions of a number of countries, and on Friday, China responded with additional definitions of imports from the United States. Caesarstone could be a possible winner in the new situation, as a company that was largely due to the Chinese competition that reduced the prices in the market in which it operates.
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Caesar is managed by CEO Youssef Sheeran. The company was first offered on the NASDAC Stock Exchange in 2012, with an evaluation of $ 356 million, and reached the maximum stock on the market for more than $ 2.5 billion in 2015. Friday's gains came after the stock fell to its lowest level ever in the previous day, erasing 96.7 % of its peak a decade ago. The current market value of the company is only $ 88 million, and the reservation value is (40.6 %) of joint contributors – Tina Fund and Kibbutz Sdot YAM – 35.9 million dollars only. Another shareholder in the company is Phoenix, with a share of 10.9 % currently $ 9.6 million.
It was published by Globes, Israel Business News – En.globes.co.il – on April 6, 2025.
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Kisareston leadership kitchen: Caesarston
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