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

Radius Recycling (NASDAQ:RDUS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Seaport Res Ptn lowered shares of Radius Recycling from a “neutral” rating to a “sell” rating in a report on Wednesday, February 28th.

Radius Recycling Trading Up 1.3 %

Shares of Radius Recycling stock opened at $18.14 on Wednesday. The firm has a market capitalization of $507.56 million, a PE ratio of -7.96 and a beta of 1.60. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $20.17 and its 200 day moving average is $24.19. Radius Recycling has a 1 year low of $16.90 and a 1 year high of $36.64.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.09) by $0.05. The company had revenue of $621.06 million for the quarter, compared to analyst estimates of $626.35 million. Radius Recycling had a negative net margin of 2.28% and a negative return on equity of 1.73%. The firm’s revenue was down 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. Equities research analysts forecast that Radius Recycling will post -3.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Radius Recycling

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Radius Recycling in the 1st quarter valued at $367,000. Unison Advisors LLC bought a new stake in shares of Radius Recycling in the 1st quarter valued at $226,000. Fisher Asset Management LLC bought a new stake in shares of Radius Recycling in the 4th quarter valued at $4,488,000. Finally, Green Alpha Advisors LLC bought a new stake in shares of Radius Recycling in the 1st quarter valued at $967,000. 78.11% of the stock is owned by institutional investors.

Radius Recycling Company Profile

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.