StockNews.com Begins Coverage on Radius Recycling (NASDAQ:RDUS)

StockNews.com began coverage on shares of Radius Recycling (NASDAQ:RDUS - Free Report) in a research report sent to investors on Saturday morning. The firm issued a sell rating on the basic materials company's stock.

Radius Recycling Stock Down 0.0 %

Shares of NASDAQ:RDUS traded down $0.01 on Friday, hitting $29.33. 127,602 shares of the company traded hands, compared to its average volume of 742,182. Radius Recycling has a 52 week low of $10.57 and a 52 week high of $29.47. The stock has a 50 day simple moving average of $24.66 and a 200-day simple moving average of $18.86. The company has a market cap of $827.02 million, a PE ratio of -2.93 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. As a group, research analysts expect that Radius Recycling will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 21st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.56%. Radius Recycling's dividend payout ratio (DPR) is presently -7.52%.

Institutional Trading of Radius Recycling

Several institutional investors have recently made changes to their positions in RDUS. Proficio Capital Partners LLC bought a new stake in Radius Recycling in the 4th quarter valued at $1,342,000. E. Ohman J or Asset Management AB increased its stake in Radius Recycling by 29.9% during the fourth quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company's stock worth $1,501,000 after acquiring an additional 22,700 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Radius Recycling by 67.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company's stock valued at $1,537,000 after purchasing an additional 33,298 shares during the last quarter. Barclays PLC raised its stake in shares of Radius Recycling by 156.2% in the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company's stock valued at $1,081,000 after acquiring an additional 35,568 shares during the period. Finally, PEAK6 LLC bought a new position in Radius Recycling during the 4th quarter valued at about $262,000. Hedge funds and other institutional investors own 78.11% of the company's stock.

About Radius Recycling

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.