Radius Recycling (NASDAQ:RDUS) Lowered to “Sell” Rating by StockNews.com

Radius Recycling (NASDAQ:RDUS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Radius Recycling Stock Up 1.4 %

Shares of Radius Recycling stock opened at $19.71 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. Radius Recycling has a 1 year low of $12.69 and a 1 year high of $31.70. The firm’s 50-day moving average is $18.11 and its two-hundred day moving average is $16.73. The stock has a market cap of $552.67 million, a price-to-earnings ratio of -2.08 and a beta of 1.55.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The company had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. During the same period in the prior year, the business earned $0.47 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that Radius Recycling will post -1.02 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the sale, the senior vice president now directly owns 133,780 shares in the company, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Radius Recycling

A number of institutional investors have recently modified their holdings of RDUS. Vanguard Group Inc. boosted its stake in Radius Recycling by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,622,968 shares of the basic materials company’s stock worth $55,423,000 after purchasing an additional 23,199 shares in the last quarter. FMR LLC raised its position in Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock worth $17,638,000 after buying an additional 182,435 shares during the last quarter. Geode Capital Management LLC raised its position in Radius Recycling by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock worth $11,936,000 after buying an additional 36,618 shares during the last quarter. Systematic Financial Management LP raised its position in Radius Recycling by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company’s stock worth $11,698,000 after buying an additional 49,450 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Radius Recycling by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company’s stock worth $8,623,000 after buying an additional 16,162 shares during the last quarter. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.