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

StockNews.com initiated coverage on shares of Radius Recycling (NASDAQ:RDUS) in a research note released on Tuesday. The brokerage issued a sell rating on the basic materials company’s stock.

Separately, The Goldman Sachs Group started coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective for the company.

Radius Recycling Stock Performance

Shares of NASDAQ RDUS opened at $29.01 on Tuesday. 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 has a one year low of $10.57 and a one year high of $29.16. The business’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $16.61. The company has a market capitalization of $816.78 million, a P/E ratio of -2.90 and a beta of 1.67.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million during the quarter, compared to the consensus estimate of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.64) EPS. Analysts anticipate that Radius Recycling will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, February 3rd. Radius Recycling’s payout ratio is -7.49%.

Institutional Investors Weigh In On Radius Recycling

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Radius Recycling by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock worth $615,000 after buying an additional 610 shares during the last quarter. Wellington Management Group LLP raised its holdings in Radius Recycling by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 88,129 shares of the basic materials company’s stock worth $1,341,000 after acquiring an additional 760 shares during the period. Invesco Ltd. lifted its position in Radius Recycling by 1.3% during the 4th quarter. Invesco Ltd. now owns 110,932 shares of the basic materials company’s stock worth $1,688,000 after acquiring an additional 1,473 shares during the last quarter. Quarry LP bought a new stake in Radius Recycling during the third quarter valued at about $32,000. Finally, Inceptionr LLC grew its position in shares of Radius Recycling by 11.2% in the fourth quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 1,883 shares during the last quarter. 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.