REalloys (NASDAQ:ALOY) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded REalloys from “hold” to “sell,” while analyst opinions remain mixed; the broader consensus is “Moderate Buy” with a $16.00 price target.
• REalloys opened at $8.12, well below its $16.00 consensus target and its 50-day and 200-day moving averages of $10.08 and $10.92, respectively.
• The company reported a quarterly loss of $0.59 per share on $0.80 million in revenue, alongside a negative net margin of 5,145.12% and negative return on equity of 192.93%.

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

Other research analysts have also issued reports about the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of REalloys in a research report on Monday, September 14th. Needham & Company LLC dropped their target price on REalloys from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, REalloys presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

REalloys Price Performance

ALOY opened at $8.12 on Friday. REalloys has a one year low of $5.95 and a one year high of $26.90. The company's 50 day simple moving average is $10.08 and its 200-day simple moving average is $10.92. The stock has a market capitalization of $563.69 million, a P/E ratio of -2.57 and a beta of 1.40.

REalloys (NASDAQ:ALOY - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%. The company had revenue of $0.80 million during the quarter.

Institutional Investors Weigh In On REalloys

A number of institutional investors and hedge funds have recently modified their holdings of ALOY. Integrated Wealth Concepts LLC acquired a new stake in REalloys during the 2nd quarter worth $31,000. State of Wyoming acquired a new position in shares of REalloys in the 2nd quarter valued at $47,000. Legal & General Group Plc acquired a new position in shares of REalloys in the 2nd quarter valued at $80,000. Quantbot Technologies LP acquired a new position in shares of REalloys in the 2nd quarter valued at $132,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of REalloys in the 2nd quarter worth $144,000. 3.58% of the stock is owned by institutional investors.

About REalloys

REalloys, Inc NASDAQ: ALOY is a materials company focused on the production of rare-earth alloys and related advanced materials. Its products are intended to serve as feedstock for high-performance permanent magnets and other applications that require specialized magnetic and metallurgical properties.

The company's activities are associated with the growing demand for rare-earth materials used in electric vehicles, renewable-energy equipment, consumer electronics, industrial systems, aerospace and defense technologies.

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