Radius Recycling (NASDAQ:RDUS) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Radius Recycling (NASDAQ:RDUS) from a hold rating to a sell rating in a report published on Tuesday.

Separately, Seaport Res Ptn upgraded Radius Recycling from a strong sell rating to a hold rating in a report on Thursday, May 30th.

Radius Recycling Price Performance

RDUS stock opened at $15.12 on Tuesday. The firm has a 50-day moving average of $15.62 and a two-hundred day moving average of $17.84. The firm has a market capitalization of $423.95 million, a PE ratio of -1.56 and a beta of 1.56. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. Radius Recycling has a one year low of $12.69 and a one year high of $33.92.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.07. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. The business had revenue of $673.92 million during the quarter, compared to the consensus estimate of $693.90 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. On average, analysts forecast that Radius Recycling will post -3.06 earnings per share for the current year.

Radius Recycling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, July 22nd. Radius Recycling’s dividend payout ratio is currently -7.72%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new stake in shares of Radius Recycling during the 1st quarter valued at $33,000. Gladius Capital Management LP purchased a new position in Radius Recycling in the second quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Radius Recycling in the 2nd quarter worth about $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Radius Recycling during the 1st quarter worth about $51,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Radius Recycling during the 1st quarter worth about $54,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

About Radius Recycling

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.