Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $29.20 and last traded at $29.02, with a volume of 1574 shares. The stock had previously closed at $29.05.
Analyst Ratings Changes
A number of research firms recently commented on RDUS. The Goldman Sachs Group assumed coverage on Radius Recycling in a report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 target price on the stock. StockNews.com assumed coverage on shares of Radius Recycling in a research report on Tuesday. They set a "sell" rating for the company.
Get Our Latest Report on RDUS
Radius Recycling Price Performance
The company's 50 day moving average price is $16.13 and its two-hundred day moving average price is $16.78. 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 firm has a market cap of $818.75 million, a PE ratio of -2.90 and a beta of 1.67.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The company had revenue of $656.54 million during the quarter, compared to the consensus estimate of $665.90 million. During the same period in the prior year, the business posted ($0.64) earnings per share. Radius Recycling's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.
Radius Recycling Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1875 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.58%. Radius Recycling's payout ratio is currently -7.49%.
Institutional Investors Weigh In On Radius Recycling
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDUS. Ameriprise Financial Inc. lifted its holdings in Radius Recycling by 17.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company's stock valued at $38,039,000 after purchasing an additional 377,212 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Radius Recycling during the 4th quarter valued at $4,199,000. FMR LLC lifted its stake in shares of Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company's stock valued at $17,638,000 after buying an additional 182,435 shares in the last quarter. Icon Advisers Inc. Co. boosted its holdings in Radius Recycling by 115.9% in the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock worth $4,338,000 after buying an additional 153,000 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Radius Recycling by 447.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 157,929 shares of the basic materials company's stock worth $2,404,000 after buying an additional 129,086 shares in the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.
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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