Radius Recycling (NASDAQ:RDUS) Upgraded to “Hold” at StockNews.com

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

Radius Recycling Stock Performance

Shares of RDUS stock opened at $18.11 on Thursday. The company has a market capitalization of $507.80 million, a price-to-earnings ratio of -1.86 and a beta of 1.53. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The company has a 50-day simple moving average of $16.32 and a 200 day simple moving average of $16.84. Radius Recycling has a 52 week low of $12.69 and a 52 week high of $31.70.

Institutional Trading of Radius Recycling

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB bought a new stake in shares of Radius Recycling during the 1st quarter worth about $3,959,000. Russell Investments Group Ltd. bought a new stake in Radius Recycling in the 1st quarter valued at about $3,884,000. Swedbank AB bought a new stake in Radius Recycling in the 1st quarter valued at about $1,437,000. Fisher Asset Management LLC bought a new stake in Radius Recycling in the 4th quarter valued at about $4,488,000. Finally, Lesa Sroufe & Co bought a new stake in Radius Recycling in the 1st quarter valued at about $1,321,000. Institutional investors own 78.11% of the company’s stock.

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.