REalloys (NASDAQ:ALOY) Rating Increased to Moderate Buy at Needham & Company LLC

Needham & Company LLC upgraded shares of REalloys (NASDAQ:ALOY) to a moderate buy rating in a report issued on Monday,Zacks.com reports.

ALOY has been the topic of a number of other research reports. Clear Str upgraded REalloys to a “strong-buy” rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings upgraded REalloys from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, REalloys has a consensus rating of “Moderate Buy” and an average price target of $19.00.

REalloys Trading Up 18.3%

Shares of ALOY stock opened at $13.77 on Monday. The company has a market capitalization of $842.86 million, a P/E ratio of -4.72 and a beta of 1.41. The business’s 50 day moving average is $9.87 and its two-hundred day moving average is $10.63. REalloys has a 12-month low of $3.85 and a 12-month high of $26.90.

REalloys (NASDAQ:ALOY) last issued its quarterly earnings results on Tuesday, May 19th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($1.96). The business had revenue of $0.71 million for the quarter, compared to analysts’ expectations of $0.60 million. REalloys had a negative return on equity of 382.09% and a negative net margin of 4,326.08%.

Insider Buying and Selling at REalloys

In other news, insider Gust Kepler sold 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $12.89, for a total value of $799,180.00. Following the transaction, the insider owned 414,218 shares in the company, valued at $5,339,270.02. This trade represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On REalloys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in shares of REalloys in the fourth quarter valued at approximately $741,000. Geode Capital Management LLC lifted its position in shares of REalloys by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of REalloys in the second quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. purchased a new position in shares of REalloys in the fourth quarter valued at approximately $81,000. Finally, Canton Hathaway LLC purchased a new position in shares of REalloys in the fourth quarter valued at approximately $95,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.