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

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

Radius Recycling Price Performance

Radius Recycling stock opened at $18.22 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The stock has a market cap of $510.89 million, a P/E ratio of -1.87 and a beta of 1.53. The company has a 50-day moving average price of $15.98 and a 200 day moving average price of $16.91. Radius Recycling has a 12-month low of $12.69 and a 12-month high of $31.70.

Institutional Investors Weigh In On Radius Recycling

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDUS. Fisher Asset Management LLC purchased a new stake in Radius Recycling in the 4th quarter valued at about $4,488,000. Green Alpha Advisors LLC purchased a new position in shares of Radius Recycling during the first quarter worth $967,000. Unison Advisors LLC purchased a new stake in shares of Radius Recycling in the 1st quarter valued at $226,000. Allspring Global Investments Holdings LLC acquired a new position in Radius Recycling during the 1st quarter worth about $367,000. Finally, Millburn Ridgefield Corp purchased a new position in Radius Recycling during the 1st quarter valued at about $33,000. 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.