Radius Recycling (NASDAQ:RDUS) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Radius Recycling (NASDAQ:RDUS) in a research note issued on Thursday. The firm set a “sell” rating on the basic materials company’s stock.

Radius Recycling Stock Up 2.1 %

Shares of Radius Recycling stock opened at $29.12 on Thursday. The business has a 50-day moving average price of $19.72 and a 200 day moving average price of $17.75. Radius Recycling has a fifty-two week low of $10.57 and a fifty-two week high of $29.20. The firm has a market cap of $819.87 million, a P/E ratio of -2.91 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. On average, sell-side analysts forecast that Radius Recycling will post -3.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Radius Recycling

Large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of Radius Recycling during the 4th quarter worth approximately $1,342,000. E. Ohman J or Asset Management AB grew its stake in Radius Recycling by 29.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company’s stock worth $1,501,000 after buying an additional 22,700 shares during the last quarter. JPMorgan Chase & Co. increased its position in Radius Recycling by 67.1% in the third quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock worth $1,537,000 after buying an additional 33,298 shares during the period. Jane Street Group LLC lifted its stake in Radius Recycling by 62.9% in the third quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company’s stock valued at $1,684,000 after buying an additional 35,073 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock valued at $1,081,000 after acquiring an additional 35,568 shares during the period. 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.