Radius Recycling (NASDAQ:RDUS) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Radius Recycling (NASDAQ:RDUS - Free Report) in a research note issued to investors on Monday morning. The brokerage issued a sell rating on the basic materials company's stock.

Radius Recycling Stock Performance

NASDAQ:RDUS traded down $0.05 during mid-day trading on Monday, reaching $29.46. The company's stock had a trading volume of 531,218 shares, compared to its average volume of 407,447. Radius Recycling has a 12-month low of $10.57 and a 12-month high of $29.67. The firm's fifty day moving average price is $27.51 and its two-hundred day moving average price is $19.63. 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 stock has a market cap of $830.83 million, a P/E ratio of -2.94 and a beta of 1.04.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.09. The firm 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, equities analysts forecast that Radius Recycling will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were paid a dividend of $0.1875 per share. The ex-dividend date was Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.55%. Radius Recycling's dividend payout ratio is -7.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDUS. GAMMA Investing LLC increased its holdings in shares of Radius Recycling by 76.2% during the first quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Radius Recycling in the 4th quarter worth about $68,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Radius Recycling in the first quarter valued at about $75,000. SG Americas Securities LLC acquired a new stake in Radius Recycling during the fourth quarter worth $140,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Radius Recycling during the 4th quarter worth about $160,000. 78.11% of the stock is currently owned by institutional investors.

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.