Stock analysts at Wall Street Zen started coverage on shares of Radius Recycling (NASDAQ:RDUS - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "sell" rating on the basic materials company's stock.
Radius Recycling Trading Up 0.6%
RDUS stock traded up $0.18 during midday trading on Tuesday, hitting $29.61. The stock had a trading volume of 948,254 shares, compared to its average volume of 420,593. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The firm has a market cap of $835.06 million, a P/E ratio of -2.96 and a beta of 1.04. The business has a fifty day moving average price of $29.16 and a two-hundred day moving average price of $20.31. Radius Recycling has a 1-year low of $10.57 and a 1-year high of $29.65.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.08) by $0.09. The company had revenue of $642.51 million for the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. On average, sell-side analysts predict that Radius Recycling will post -3.84 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Radius Recycling
Several institutional investors have recently made changes to their positions in RDUS. GAMMA Investing LLC grew its stake in shares of Radius Recycling by 76.2% in the 1st quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company's stock valued at $27,000 after buying an additional 410 shares during the period. Aquatic Capital Management LLC bought a new position in Radius Recycling in the fourth quarter worth approximately $68,000. Longfellow Investment Management Co. LLC acquired a new stake in Radius Recycling in the first quarter valued at approximately $75,000. State of Wyoming bought a new stake in shares of Radius Recycling during the first quarter valued at approximately $106,000. Finally, SG Americas Securities LLC bought a new stake in shares of Radius Recycling during the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 78.11% of the company's stock.
Radius Recycling Company Profile
(
Get Free Report)
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.
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