Ryerson (NYSE:RYI) Hits New 12-Month Low - Time to Sell?

Ryerson Holding Co. (NYSE:RYI - Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $17.46 and last traded at $17.67, with a volume of 306738 shares. The stock had previously closed at $18.15.

Ryerson Stock Performance

The company has a market cap of $562.74 million, a PE ratio of 28.97 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The business has a 50-day moving average of $22.40 and a 200 day moving average of $21.10.

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

Ryerson Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis 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 Buying and Selling

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the transaction, the executive vice president now owns 107,664 shares of the company's stock, valued at $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.88% of the stock is owned by insiders.

Institutional Trading of Ryerson

Several institutional investors and hedge funds have recently modified their holdings of RYI. Point72 DIFC Ltd boosted its holdings in 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 buying an additional 837 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Ryerson by 7.9% in the second quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company's stock worth $266,000 after acquiring an additional 1,003 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Ryerson by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company's stock worth $305,000 after purchasing an additional 1,157 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Ryerson during the 2nd quarter valued at approximately $39,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Ryerson by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 75,339 shares of the basic materials company's stock worth $1,469,000 after purchasing an additional 2,529 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

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.