REalloys (NASDAQ:ALOY) Trading Down 4.5% - Here's What Happened

Key Points

• REalloys shares fell 4.5% to about $8.91 in mid-day trading, while volume dropped 70% below the average session level.
• Analyst sentiment remains mixed: Needham lowered its price target to $16 while maintaining a “buy” rating, Weiss reaffirmed a “sell,” and Wall Street Zen upgraded the stock to “hold.” The consensus rating is “Moderate Buy,” with an average price target of $16.
• The company reported a $0.59 quarterly loss per share on $0.80 million in revenue, alongside sharply negative profitability metrics and institutional ownership of 3.58%.

REalloys Inc (NASDAQ:ALOY - Get Free Report)'s stock price traded down 4.5% during mid-day trading on Tuesday . The stock traded as low as $8.95 and last traded at $8.9110. 564,416 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,882,778 shares. The stock had previously closed at $9.33.

Analyst Upgrades and Downgrades

ALOY has been the subject of several analyst reports. Needham & Company LLC cut their price target on shares of REalloys from $19.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of REalloys in a research note on Monday, September 14th. Finally, Wall Street Zen upgraded shares of REalloys from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. One 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.00.

REalloys Trading Down 3.0%

The business's fifty day simple moving average is $10.17 and its 200 day simple moving average is $11.46. The stock has a market cap of $628.25 million, a P/E ratio of -2.89 and a beta of 1.37.

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

Institutional Trading of REalloys

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new position in shares of REalloys in the 2nd quarter worth $216,000. Sequoia Financial Advisors LLC acquired a new position in REalloys in the second quarter valued at about $144,000. Engineers Gate Manager LP bought a new position in REalloys during the second quarter worth about $732,000. Integrated Wealth Concepts LLC bought a new position in REalloys during the second quarter worth about $31,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of REalloys during the 2nd quarter worth about $4,987,000. Institutional investors own 3.58% of the company's stock.

REalloys Company Profile

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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