Radius Recycling (NASDAQ:RDUS) Coverage Initiated at StockNews.com

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

Radius Recycling Stock Up 0.2 %

Shares of NASDAQ RDUS opened at $29.24 on Friday. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.29. The firm has a 50-day simple moving average of $23.68 and a two-hundred day simple moving average of $18.63. The company has a market cap of $824.63 million, a P/E ratio of -2.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm had revenue of $642.51 million for the quarter, compared to analysts’ expectations of $635.94 million. Research analysts anticipate that Radius Recycling will post -3.84 earnings per share for the current year.

Institutional Trading of Radius Recycling

A number of hedge funds have recently modified their holdings of RDUS. Perpetual Ltd raised its position in shares of Radius Recycling by 159.6% in the first quarter. Perpetual Ltd now owns 342,466 shares of the basic materials company’s stock worth $9,890,000 after acquiring an additional 210,561 shares during the period. GAMMA Investing LLC boosted its position in Radius Recycling by 76.2% during the first quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 410 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in Radius Recycling by 2.6% in the first quarter. E. Ohman J or Asset Management AB now owns 101,198 shares of the basic materials company’s stock valued at $2,923,000 after purchasing an additional 2,548 shares during the period. Green Alpha Advisors LLC increased its position in shares of Radius Recycling by 15.8% in the first quarter. Green Alpha Advisors LLC now owns 40,630 shares of the basic materials company’s stock valued at $1,173,000 after buying an additional 5,539 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Radius Recycling by 11.5% during the 1st quarter. Moody National Bank Trust Division now owns 30,450 shares of the basic materials company’s stock worth $879,000 after buying an additional 3,140 shares during the period. Hedge funds and other 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.