Radius Recycling (NASDAQ:RDUS) Stock Crosses Above 50 Day Moving Average of $18.84

Shares of Radius Recycling, Inc. (NASDAQ:RDUSGet Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $18.84 and traded as high as $19.59. Radius Recycling shares last traded at $19.46, with a volume of 337,190 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Radius Recycling from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Seaport Res Ptn cut shares of Radius Recycling from a “neutral” rating to a “sell” rating in a research note on Wednesday, February 28th.

Check Out Our Latest Analysis on RDUS

Radius Recycling Trading Up 5.0 %

The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $18.84 and a 200 day moving average price of $23.43.

Radius Recycling (NASDAQ:RDUSGet Free Report) last announced its earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.05. The company had revenue of $621.06 million during the quarter, compared to analyst estimates of $626.35 million. Radius Recycling had a negative net margin of 2.28% and a negative return on equity of 1.73%. Radius Recycling’s revenue was down 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts forecast that Radius Recycling, Inc. will post -3.53 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 22nd were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Friday, April 19th. Radius Recycling’s payout ratio is -32.89%.

Institutional Investors Weigh In On Radius Recycling

Institutional investors have recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in Radius Recycling during the 1st quarter worth about $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Radius Recycling during the first quarter worth about $51,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Radius Recycling during the first quarter worth about $54,000. Shell Asset Management Co. purchased a new position in shares of Radius Recycling in the first quarter valued at approximately $81,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in shares of Radius Recycling in the first quarter valued at approximately $159,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Radius Recycling Company Profile

(Get Free Report)

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.

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