Radius Recycling (NASDAQ:RDUS) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Radius Recycling, Inc. (NASDAQ:RDUS)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.39 and traded as low as $13.00. Radius Recycling shares last traded at $13.22, with a volume of 261,020 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RDUS. StockNews.com cut shares of Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. The Goldman Sachs Group started coverage on shares of Radius Recycling in a research report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price target for the company.

Radius Recycling Trading Up 0.4 %

The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $13.39 and a 200 day moving average of $15.91. The firm has a market cap of $372.21 million, a price-to-earnings ratio of -1.32 and a beta of 1.60.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.64) EPS. As a group, research analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Monday, February 3rd. Radius Recycling’s payout ratio is -7.49%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RDUS. Ameriprise Financial Inc. increased its holdings in Radius Recycling by 17.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company’s stock valued at $38,039,000 after purchasing an additional 377,212 shares in the last quarter. FMR LLC grew its holdings in shares of Radius Recycling by 23.7% during the third quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock worth $17,638,000 after purchasing an additional 182,435 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of Radius Recycling by 9.2% in the fourth quarter. Systematic Financial Management LP now owns 689,315 shares of the basic materials company’s stock valued at $10,491,000 after buying an additional 58,353 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Radius Recycling by 6.0% in the third quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock valued at $11,936,000 after buying an additional 36,618 shares during the last quarter. Finally, Icon Advisers Inc. Co. lifted its position in Radius Recycling by 115.9% during the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company’s stock worth $4,338,000 after buying an additional 153,000 shares in the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

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.