Radius Recycling (NASDAQ:RDUS) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Radius Recycling (NASDAQ:RDUS) from a sell rating to a hold rating in a report published on Thursday.

Radius Recycling Stock Down 2.1 %

Shares of NASDAQ RDUS opened at $18.11 on Thursday. Radius Recycling has a 52-week low of $12.69 and a 52-week high of $31.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The business has a fifty day moving average of $16.40 and a two-hundred day moving average of $16.82. The stock has a market cap of $507.79 million, a PE ratio of -1.86 and a beta of 1.53.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Creative Planning increased its holdings in Radius Recycling by 70.5% during the 3rd quarter. Creative Planning now owns 38,413 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 15,886 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in Radius Recycling by 2.1% during the 3rd quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock worth $820,000 after acquiring an additional 925 shares during the last quarter. Founders Capital Management increased its position in Radius Recycling by 50.0% in the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 600 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Radius Recycling in the second quarter worth about $30,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Radius Recycling during the second quarter valued at approximately $127,000. Institutional investors own 78.11% of the company’s stock.

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.