Radius Recycling, Inc. (NASDAQ:RDUS – Get Free Report) announced a quarterly dividend on Tuesday, October 22nd,Wall Street Journal reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.1875 per share by the basic materials company on Tuesday, November 26th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Tuesday, November 12th.
Radius Recycling has a dividend payout ratio of -187.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Radius Recycling Trading Up 0.5 %
Shares of NASDAQ:RDUS opened at $19.92 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $17.21 and its 200 day moving average price is $16.65. The company has a market cap of $558.54 million, a PE ratio of -2.13 and a beta of 1.55. Radius Recycling has a fifty-two week low of $12.69 and a fifty-two week high of $31.70.
Insider Activity at Radius Recycling
In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the sale, the senior vice president now owns 133,780 shares of the company’s stock, valued at $2,284,962.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a report on Friday.
Check Out Our Latest Stock Analysis on Radius Recycling
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.
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