Ryerson (NYSE:RYI) Reaches New 52-Week Low - Time to Sell?

Ryerson Holding Co. (NYSE:RYI - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.57 and last traded at $17.65, with a volume of 51894 shares. The stock had previously closed at $17.80.

Ryerson Stock Performance

The firm has a market capitalization of $563.37 million, a PE ratio of 29.00 and a beta of 1.54. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $22.74 and a 200 day moving average of $21.16.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.26). The company had revenue of $1.13 billion for the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same period in the prior year, the company earned $1.00 earnings per share.

Ryerson Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, December 5th. Ryerson's payout ratio is 122.95%.

Insider Activity at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares of the company's stock, valued at approximately $2,644,227.84. This trade represents a 7.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ryerson

Institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson in the 2nd quarter worth approximately $39,000. Copeland Capital Management LLC purchased a new stake in shares of Ryerson in the third quarter worth $56,000. SG Americas Securities LLC bought a new position in shares of Ryerson during the third quarter valued at $108,000. Point72 DIFC Ltd raised its position in shares of Ryerson by 16.7% in the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company's stock worth $114,000 after purchasing an additional 837 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ryerson by 41.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company's stock worth $150,000 after purchasing an additional 2,259 shares in the last quarter. Institutional investors own 94.81% of the company's stock.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.