Ryerson (NYSE:RYI) Reaches New 1-Year Low at $17.57

Ryerson Holding Co. (NYSE:RYI)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $17.57 and last traded at $17.67, with a volume of 141636 shares changing hands. The stock had previously closed at $17.94.

Ryerson Stock Performance

The company’s fifty day simple moving average is $20.46 and its 200 day simple moving average is $24.77. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $619.08 million, a P/E ratio of 7.08 and a beta of 1.56.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The firm had revenue of $1.23 billion during the quarter. During the same period in the previous year, the business earned $1.06 earnings per share.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, September 5th. Ryerson’s dividend payout ratio is currently 29.07%.

Institutional Trading of Ryerson

Hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of Ryerson during the 2nd quarter worth $39,000. Point72 DIFC Ltd raised its position in Ryerson by 16.7% in the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 837 shares during the period. SG Americas Securities LLC purchased a new position in Ryerson in the 1st quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ryerson by 41.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 2,259 shares during the period. Finally, Comerica Bank raised its position in Ryerson by 2,177.4% in the 1st quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 6,554 shares during the period. 94.81% of the stock is owned by institutional investors.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.