Equities researchers at StockNews.com initiated coverage on shares of Radius Recycling (NASDAQ:RDUS - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "sell" rating on the basic materials company's stock.
Radius Recycling Stock Performance
RDUS traded up $0.16 on Friday, reaching $29.04. 107,834 shares of the stock were exchanged, compared to its average volume of 380,844. The company's 50-day moving average price is $22.71 and its 200 day moving average price is $18.41. Radius Recycling has a fifty-two week low of $10.57 and a fifty-two week high of $29.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The firm has a market capitalization of $818.99 million, a PE ratio of -2.90 and a beta of 1.07.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly 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 company had revenue of $642.51 million during the quarter, compared to analysts' expectations of $635.94 million. As a group, sell-side analysts forecast that Radius Recycling will post -3.84 EPS for the current fiscal year.
Hedge Funds Weigh In On Radius Recycling
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted 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 purchased a new stake in Radius Recycling during the fourth quarter worth approximately $68,000. SG Americas Securities LLC purchased a new stake in Radius Recycling during the fourth quarter worth approximately $140,000. Y Intercept Hong Kong Ltd purchased a new stake in Radius Recycling during the fourth quarter worth approximately $160,000. Finally, Quantinno Capital Management LP purchased a new stake in Radius Recycling in the fourth quarter valued at approximately $181,000. Hedge funds and other institutional investors own 78.11% of the company's stock.
Radius Recycling Company Profile
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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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