Radius Recycling (NASDAQ:RDUS) Downgraded to "Sell" at StockNews.com

Radius Recycling (NASDAQ:RDUS - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Monday.

Radius Recycling Stock Up 5.2 %

NASDAQ:RDUS traded up $0.83 during trading hours on Monday, reaching $16.77. The company's stock had a trading volume of 194,295 shares, compared to its average volume of 222,225. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. The company has a market capitalization of $470.23 million, a P/E ratio of -1.79 and a beta of 1.53. The stock has a 50 day moving average price of $16.69 and a two-hundred day moving average price of $16.64. Radius Recycling has a 12 month low of $12.69 and a 12 month high of $31.70.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, topping analysts' consensus estimates of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The firm had revenue of $771.00 million during the quarter, compared to analysts' expectations of $680.80 million. During the same period in the prior year, the business posted $0.47 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Radius Recycling will post -1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Radius Recycling

Several institutional investors have recently bought and sold shares of RDUS. Founders Capital Management lifted its holdings in shares of Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Radius Recycling in the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Radius Recycling during the second quarter worth about $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Radius Recycling during the first quarter valued at about $51,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Radius Recycling in the 1st quarter valued at approximately $54,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.