Radius Recycling (NASDAQ:RDUS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Radius Recycling (NASDAQ:RDUS) in a research note released on Thursday morning. The firm issued a sell rating on the basic materials company’s stock.

Radius Recycling Stock Up 0.3 %

NASDAQ:RDUS opened at $29.07 on Thursday. The company has a market cap of $818.47 million, a PE ratio of -2.90 and a beta of 1.07. The stock has a 50-day simple moving average of $20.40 and a 200 day simple moving average of $17.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling has a 52-week low of $10.57 and a 52-week high of $29.20.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09. The company had revenue of $642.51 million for the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. On average, sell-side analysts expect that Radius Recycling will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 21st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Monday, April 21st. Radius Recycling’s payout ratio is presently -7.52%.

Institutional Investors Weigh In On Radius Recycling

Several hedge funds have recently bought and sold shares of RDUS. Public Employees Retirement System of Ohio lifted its holdings in Radius Recycling by 1.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 610 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Radius Recycling by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 88,129 shares of the basic materials company’s stock worth $1,341,000 after buying an additional 760 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Radius Recycling by 1.3% during the 4th quarter. Invesco Ltd. now owns 110,932 shares of the basic materials company’s stock worth $1,688,000 after buying an additional 1,473 shares during the period. Quarry LP acquired a new position in Radius Recycling in the 3rd quarter valued at about $32,000. Finally, Inceptionr LLC grew its stake in Radius Recycling by 11.2% in the 4th quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company’s stock valued at $284,000 after buying an additional 1,883 shares during the last quarter. 78.11% of the stock is currently 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.