Radius Recycling, Inc. (NASDAQ:RDUS - Get Free Report)'s stock price dropped 4.9% on Friday . The company traded as low as $18.63 and last traded at $18.68. Approximately 51,867 shares were traded during trading, a decline of 76% from the average daily volume of 218,826 shares. The stock had previously closed at $19.64.
Analyst Ratings Changes
RDUS has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Radius Recycling in a research report on Monday. They set a "neutral" rating and a $22.00 target price for the company. StockNews.com raised Radius Recycling from a "sell" rating to a "hold" rating in a report on Wednesday.
Check Out Our Latest Stock Report on RDUS
Radius Recycling Price Performance
The business has a fifty day moving average price of $18.39 and a 200 day moving average price of $16.80. 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 cap of $523.79 million, a price-to-earnings ratio of -2.10 and a beta of 1.59.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that Radius Recycling, Inc. will post -1.02 earnings per share for the current year.
Radius Recycling Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.1875 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.01%. Radius Recycling's dividend payout ratio is presently -8.01%.
Insider Activity
In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the sale, the senior vice president now directly owns 133,780 shares of the company's stock, valued at $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.70% of the company's stock.
Institutional Trading of Radius Recycling
A number of large investors have recently bought and sold shares of RDUS. Gladius Capital Management LP bought a new position in shares of Radius Recycling in the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Radius Recycling in the second quarter worth $30,000. Quarry LP bought a new position in shares of Radius Recycling in the third quarter worth $32,000. Founders Capital Management boosted its holdings in shares of Radius Recycling by 50.0% in the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company's stock worth $33,000 after acquiring an additional 600 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Radius Recycling by 23.6% in the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company's stock worth $45,000 after acquiring an additional 564 shares during the period. 78.11% of the stock is owned by hedge funds and other institutional investors.
Radius Recycling Company Profile
(
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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