Radius Recycling (NASDAQ:RDUS) Trading Up 3.6%

Radius Recycling, Inc. (NASDAQ:RDUS) was up 3.6% on Monday . The stock traded as high as $17.91 and last traded at $17.88. Approximately 66,609 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 210,078 shares. The stock had previously closed at $17.26.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RDUS shares. Seaport Res Ptn downgraded Radius Recycling from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 28th. StockNews.com downgraded Radius Recycling from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.

Radius Recycling Stock Down 1.0 %

The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $20.93 and a 200 day moving average of $24.55.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Thursday, April 4th. The basic materials company reported ($1.04) EPS for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.05. The firm had revenue of $621.06 million during the quarter, compared to the consensus estimate of $626.35 million. Radius Recycling had a negative return on equity of 1.73% and a negative net margin of 2.28%. Radius Recycling’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, research analysts anticipate that Radius Recycling, Inc. will post -3.53 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 22nd will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Friday, April 19th. Radius Recycling’s dividend payout ratio is currently -32.89%.

Institutional Trading of Radius Recycling

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Radius Recycling by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,698 shares of the basic materials company’s stock valued at $144,000 after buying an additional 328 shares in the last quarter. US Bancorp DE raised its stake in Radius Recycling by 53.4% during the first quarter. US Bancorp DE now owns 2,339 shares of the basic materials company’s stock valued at $121,000 after buying an additional 814 shares in the last quarter. Royal Bank of Canada raised its stake in Radius Recycling by 43.9% during the second quarter. Royal Bank of Canada now owns 3,641 shares of the basic materials company’s stock valued at $109,000 after buying an additional 1,110 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Radius Recycling by 141.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,052 shares of the basic materials company’s stock valued at $62,000 after buying an additional 1,203 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Radius Recycling by 95.6% during the second quarter. Lazard Asset Management LLC now owns 2,021 shares of the basic materials company’s stock valued at $60,000 after buying an additional 988 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

About Radius Recycling

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.