Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $29.59 and last traded at $29.51, with a volume of 809651 shares. The stock had previously closed at $29.38.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Radius Recycling in a report on Monday, May 12th. They issued a "sell" rating for the company.
View Our Latest Report on Radius Recycling
Radius Recycling Price Performance
The firm has a market capitalization of $829.14 million, a PE ratio of -2.93 and a beta of 1.04. The business has a 50-day moving average of $28.48 and a 200 day moving average of $19.86. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. As a group, research analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.
Radius Recycling Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, April 21st. Radius Recycling's dividend payout ratio (DPR) is currently -7.52%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in RDUS. GAMMA Investing LLC boosted its stake in Radius Recycling by 76.2% in the 1st quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company's stock worth $27,000 after purchasing an additional 410 shares during the period. Aquatic Capital Management LLC bought a new stake in Radius Recycling in the 4th quarter worth approximately $68,000. Longfellow Investment Management Co. LLC purchased a new position in Radius Recycling in the 1st quarter worth approximately $75,000. State of Wyoming purchased a new position in Radius Recycling in the 1st quarter worth approximately $106,000. Finally, SG Americas Securities LLC purchased a new position in Radius Recycling in the 4th quarter worth approximately $140,000. Institutional investors own 78.11% of the company's stock.
About Radius Recycling
(
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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