Radius Recycling (NASDAQ:RDUS) Reaches New 52-Week Low at $17.04

Shares of Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.04 and last traded at $19.51, with a volume of 82459 shares. The stock had previously closed at $20.15.

Analysts Set New Price Targets

Separately, Seaport Res Ptn downgraded shares of Radius Recycling from a "neutral" rating to a "sell" rating in a research report on Wednesday, February 28th.

Radius Recycling Trading Down 2.7 %

The company has a current ratio of 1.75, a quick ratio of 0.83 and a debt-to-equity ratio of 0.31. The company has a market cap of $546.37 million, a PE ratio of -20.86 and a beta of 1.60. The business's 50-day simple moving average is $22.07 and its 200-day simple moving average is $25.09.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings results on Thursday, January 4th. The basic materials company reported ($0.64) EPS for the quarter, topping the consensus estimate of ($0.71) by $0.07. Radius Recycling had a negative net margin of 0.88% and a positive return on equity of 1.97%. The company had revenue of $672.90 million for the quarter, compared to analyst estimates of $643.35 million. During the same quarter in the prior year, the business posted ($0.44) EPS. Radius Recycling's quarterly revenue was up 12.4% on a year-over-year basis. As a group, analysts expect that Radius Recycling, Inc. will post -3.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors grew its stake in Radius Recycling by 357.0% in the 2nd quarter. Captrust Financial Advisors now owns 754 shares of the basic materials company's stock valued at $25,000 after buying an additional 589 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Radius Recycling by 123.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 849 shares of the basic materials company's stock valued at $26,000 after buying an additional 469 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Radius Recycling in the 2nd quarter valued at $45,000. Point72 Middle East FZE acquired a new position in Radius Recycling in the 2nd quarter valued at $54,000. Finally, Citigroup Inc. grew its stake in Radius Recycling by 120.0% in the 1st quarter. Citigroup Inc. now owns 1,883 shares of the basic materials company's stock valued at $59,000 after buying an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company's stock.

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.