REalloys (NASDAQ:ALOY) Stock Falls 4.3% - Here's Why

Key Points

• REalloys shares fell 4.3% to approximately $7.25, with trading volume down 80% from the stock’s average daily volume.
• Analyst sentiment is mixed: Needham cut its price target to $16 while maintaining a buy rating, whereas Wall Street Zen and Weiss Ratings assigned sell ratings. MarketBeat’s consensus remains “Moderate Buy,” with a $16 average target.
• The company reported a quarterly loss of $0.59 per share on $0.8 million in revenue, alongside deeply negative profitability metrics; institutional investors nonetheless acquired new positions during the second quarter.

REalloys Inc (NASDAQ:ALOY - Get Free Report) traded down 4.3% during mid-day trading on Friday. The stock traded as low as $7.22 and last traded at $7.2510. 376,858 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,865,154 shares. The stock had previously closed at $7.58.

Analyst Ratings Changes

A number of research firms have recently commented on ALOY. Needham & Company LLC cut their target price on shares of REalloys from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of REalloys from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of REalloys in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $16.00.

REalloys Stock Performance

The firm's 50 day simple moving average is $10.09 and its 200-day simple moving average is $10.76. The company has a market cap of $501.07 million, a price-to-earnings ratio of -2.29 and a beta of 1.40.

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

Institutional Trading of REalloys

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in REalloys in the 2nd quarter worth approximately $61,089,000. State Street Corp purchased a new stake in shares of REalloys in the second quarter valued at approximately $39,024,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of REalloys in the second quarter valued at approximately $4,987,000. Bank of New York Mellon Corp acquired a new stake in shares of REalloys in the second quarter valued at approximately $2,294,000. Finally, Dayah Capital LLC acquired a new stake in shares of REalloys in the second quarter valued at approximately $1,288,000. Hedge funds and other institutional investors own 3.58% of the company's stock.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on producing rare earth alloys used in the manufacture of permanent magnets and other advanced industrial applications. Its activities are centered on processing and converting rare earth elements into commercially useful alloy products for customers in the technology, automotive, energy, defense and industrial sectors.

The company's product focus includes neodymium-iron-boron (NdFeB) alloys, which are key inputs for high-performance permanent magnets used in electric motors, wind turbines, consumer electronics and other equipment.

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