Shares of Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 717,614 shares traded hands during trading, an increase of 137% from the previous session's volume of 303,175 shares.The stock last traded at $29.05 and had previously closed at $29.00.
Analyst Ratings Changes
RDUS has been the topic of a number of analyst reports. The Goldman Sachs Group assumed coverage on Radius Recycling in a research report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 price target 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.
Read Our Latest Stock Analysis on Radius Recycling
Radius Recycling Stock Performance
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 stock's 50-day moving average is $16.46 and its 200-day moving average is $16.90. The stock has a market cap of $815.93 million, a price-to-earnings ratio of -2.89 and a beta of 1.67.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.67). The business had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The firm's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.64) EPS. Analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.
Radius Recycling Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.1875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. Radius Recycling's payout ratio is currently -7.49%.
Institutional Trading of Radius Recycling
Several hedge funds have recently bought and sold shares of RDUS. Ameriprise Financial Inc. raised its stake in Radius Recycling by 17.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company's stock worth $38,039,000 after acquiring an additional 377,212 shares during the last quarter. FMR LLC boosted its stake in Radius Recycling by 23.7% in the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company's stock worth $17,638,000 after buying an additional 182,435 shares during the last quarter. Systematic Financial Management LP boosted its holdings in Radius Recycling by 9.2% in the fourth quarter. Systematic Financial Management LP now owns 689,315 shares of the basic materials company's stock valued at $10,491,000 after purchasing an additional 58,353 shares during the last quarter. Geode Capital Management LLC boosted its stake in Radius Recycling by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company's stock valued at $11,936,000 after purchasing an additional 36,618 shares during the period. Finally, Icon Advisers Inc. Co. increased its position in shares of Radius Recycling by 115.9% in the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock worth $4,338,000 after acquiring an additional 153,000 shares in the last quarter. 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.
See Also
Before you consider Radius Recycling, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Radius Recycling wasn't on the list.
While Radius Recycling currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
