REalloys (NASDAQ:ALOY) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded REalloys from “hold” to “sell.” Analysts are divided: MarketBeat reports an overall “Moderate Buy” rating and a $16 consensus price target.
• REalloys shares fell 9.7% to $5.71 on Friday, near their 12-month low of $5.45.
• The company reported a quarterly loss of $0.44 per share on just $0.41 million in revenue, alongside a negative net margin of 5,145.12%.

REalloys (NASDAQ:ALOY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday, Wall Street Zen reports.

Several other research firms have also commented on ALOY. Needham & Company LLC lowered their price target on shares of REalloys from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of REalloys in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, REalloys currently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

REalloys Stock Down 9.7%

Shares of NASDAQ:ALOY traded down $0.61 during trading on Friday, hitting $5.71. The stock had a trading volume of 2,623,767 shares, compared to its average volume of 2,130,538. REalloys has a 12-month low of $5.45 and a 12-month high of $26.90. The stock has a market capitalization of $397.82 million, a price-to-earnings ratio of -1.81 and a beta of 1.43. The stock has a 50-day simple moving average of $7.60 and a two-hundred day simple moving average of $10.83.

REalloys (NASDAQ:ALOY - Get Free Report) last released its earnings results on Friday, November 13th. The company reported ($0.44) EPS for the quarter. The firm had revenue of $0.41 million for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.

Institutional Investors Weigh In On REalloys

A number of hedge funds and other institutional investors have recently made changes to their positions in ALOY. Integrated Wealth Concepts LLC acquired a new position in shares of REalloys in the 2nd quarter valued at $31,000. Jacobi Capital Management LLC purchased a new stake in REalloys during the third quarter worth $25,000. State of Wyoming acquired a new stake in REalloys during the second quarter valued at $47,000. Global Retirement Partners LLC grew its position in REalloys by 8,146.7% during the third quarter. Global Retirement Partners LLC now owns 3,711 shares of the company's stock valued at $30,000 after buying an additional 3,666 shares during the period. Finally, Legal & General Group Plc acquired a new stake in REalloys during the second quarter valued at $80,000. Institutional investors and hedge funds own 3.58% of the company's stock.

About REalloys

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company's activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.

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