Radius Recycling (NASDAQ:RDUS) Stock Rating Lowered by StockNews.com

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

Radius Recycling Price Performance

Shares of RDUS opened at $19.82 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. Radius Recycling has a 1 year low of $12.69 and a 1 year high of $31.70. The stock has a market cap of $555.73 million, a P/E ratio of -2.12 and a beta of 1.55. The stock’s 50-day moving average price is $18.20 and its two-hundred day moving average price is $16.77.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The firm had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. During the same quarter last year, the business earned $0.47 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Radius Recycling will post -1.02 earnings per share for the current year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s dividend payout ratio (DPR) is presently -8.01%.

Insider Activity

In other news, SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares in the company, valued at $2,284,962.40. The trade was a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Radius Recycling

Several institutional investors have recently bought and sold shares of RDUS. Gladius Capital Management LP bought a new stake in Radius Recycling in the 2nd quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Radius Recycling in the 2nd quarter valued at approximately $30,000. Quarry LP bought a new stake in Radius Recycling in the 3rd quarter valued at approximately $32,000. Founders Capital Management lifted its stake in Radius Recycling by 50.0% in the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 600 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 564 shares in the last quarter. 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.