StockNews.com Begins Coverage on Radius Recycling (NASDAQ:RDUS)

Research analysts at StockNews.com assumed coverage on shares of Radius Recycling (NASDAQ:RDUS) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the basic materials company’s stock.

Radius Recycling Trading Up 0.3 %

Radius Recycling stock opened at $29.07 on Thursday. Radius Recycling has a 52 week low of $10.57 and a 52 week high of $29.20. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $818.47 million, a price-to-earnings ratio of -2.90 and a beta of 1.07. The stock has a 50-day moving average price of $20.40 and a 200 day moving average price of $17.90.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share 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 analyst estimates of $635.94 million. Sell-side analysts anticipate that Radius Recycling will post -3.84 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Radius Recycling during the 3rd quarter valued at approximately $32,000. Aquatic Capital Management LLC purchased a new position in Radius Recycling in the fourth quarter valued at $68,000. SG Americas Securities LLC purchased a new position in Radius Recycling in the fourth quarter valued at $140,000. Centiva Capital LP acquired a new position in shares of Radius Recycling in the third quarter worth about $193,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Radius Recycling during the 4th quarter worth about $160,000. 78.11% of the stock is owned by institutional investors and hedge funds.

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.