Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $29.18 and last traded at $29.14, with a volume of 722091 shares. The stock had previously closed at $29.12.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Radius Recycling in a research note on Wednesday, April 2nd. They issued a "sell" rating for the company.
Get Our Latest Stock Analysis on RDUS
Radius Recycling Trading Down 0.6 %
The firm's 50 day moving average is $19.04 and its 200 day moving average is $17.59. 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 company has a market capitalization of $803.26 million, a PE ratio of -2.85 and a beta of 1.07.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last released 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 firm had revenue of $642.51 million for the quarter, compared to analysts' expectations of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. As a group, equities analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.
Radius Recycling Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 21st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.63%. Radius Recycling's dividend payout ratio is currently -7.52%.
Hedge Funds Weigh In On Radius Recycling
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in Radius Recycling during the 3rd quarter valued at $32,000. Point72 DIFC Ltd purchased a new position in shares of Radius Recycling during the third quarter valued at about $46,000. Aquatic Capital Management LLC purchased a new position in shares of Radius Recycling during the fourth quarter valued at about $68,000. SG Americas Securities LLC bought a new position in Radius Recycling in the fourth quarter worth about $140,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Radius Recycling in the fourth quarter worth about $160,000. Institutional investors own 78.11% of the company's stock.
About Radius Recycling
(
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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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