Ryerson Holding Corp (NYSE:RYI) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 223,400 shares, a decrease of 20.4% from the December 15th total of 280,600 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 128,800 shares, the short-interest ratio is currently 1.7 days.
Shares of NYSE RYI traded down $0.36 during mid-day trading on Tuesday, reaching $11.27. The company had a trading volume of 144,100 shares, compared to its average volume of 145,267. The business’s 50-day moving average is $11.60 and its 200-day moving average is $9.07. The company has a current ratio of 2.21, a quick ratio of 0.92 and a debt-to-equity ratio of 7.37. The stock has a market cap of $439.05 million, a price-to-earnings ratio of 10.53 and a beta of 2.13. Ryerson has a 52 week low of $6.21 and a 52 week high of $12.54.
Ryerson (NYSE:RYI) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.39). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Ryerson had a return on equity of 54.24% and a net margin of 1.20%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, equities research analysts forecast that Ryerson will post 1.63 earnings per share for the current year.
RYI has been the topic of a number of research analyst reports. ValuEngine cut shares of Ryerson from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Zacks Investment Research cut shares of Ryerson from a “buy” rating to a “hold” rating in a report on Saturday.
A number of institutional investors have recently modified their holdings of the business. Towle & Co. grew its holdings in Ryerson by 3.7% during the 2nd quarter. Towle & Co. now owns 2,326,729 shares of the basic materials company’s stock worth $19,382,000 after acquiring an additional 83,516 shares in the last quarter. BlackRock Inc. grew its holdings in Ryerson by 8.3% during the 2nd quarter. BlackRock Inc. now owns 1,820,395 shares of the basic materials company’s stock worth $15,165,000 after acquiring an additional 138,921 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ryerson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 913,245 shares of the basic materials company’s stock worth $7,607,000 after acquiring an additional 13,870 shares in the last quarter. Prudential Financial Inc. grew its holdings in Ryerson by 120.1% during the 2nd quarter. Prudential Financial Inc. now owns 497,166 shares of the basic materials company’s stock worth $4,141,000 after acquiring an additional 271,322 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Ryerson by 18.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 414,010 shares of the basic materials company’s stock worth $3,448,000 after acquiring an additional 65,811 shares in the last quarter. Institutional investors own 35.44% of the company’s stock.
Ryerson Company Profile
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing.
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