Radius Recycling (NASDAQ:RDUS) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Radius Recycling (NASDAQ:RDUS) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Separately, Seaport Res Ptn upgraded Radius Recycling from a strong sell rating to a hold rating in a research note on Thursday, May 30th.

Radius Recycling Trading Up 0.1 %

Shares of RDUS stock opened at $15.42 on Tuesday. The stock’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $17.88. The company has a market cap of $432.36 million, a PE ratio of -1.59 and a beta of 1.56. Radius Recycling has a fifty-two week low of $12.69 and a fifty-two week high of $33.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.07. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm had revenue of $673.92 million for the quarter, compared to the consensus estimate of $693.90 million. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue was down 16.8% compared to the same quarter last year. Equities analysts predict that Radius Recycling will post -3.06 EPS for the current fiscal year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, July 22nd. Radius Recycling’s dividend payout ratio is currently -7.72%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP bought a new position in shares of Radius Recycling in the 2nd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Radius Recycling in the 2nd quarter worth about $30,000. Millburn Ridgefield Corp bought a new position in shares of Radius Recycling in the 1st quarter worth about $33,000. Banque Cantonale Vaudoise raised its position in shares of Radius Recycling by 23.6% in the 2nd 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 in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Radius Recycling in the 1st quarter worth about $51,000. 78.11% of the stock is owned by institutional investors.

About Radius Recycling

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.