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

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

Radius Recycling Stock Performance

Shares of Radius Recycling stock opened at $29.11 on Friday. The stock has a market cap of $820.96 million, a price-to-earnings 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 has a twelve month low of $10.57 and a twelve month high of $29.20. The company’s fifty day moving average is $22.05 and its 200 day moving average is $18.26.

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 the consensus estimate of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to analysts’ expectations of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Sell-side analysts forecast that Radius Recycling will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be issued a $0.1875 dividend. The ex-dividend date is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a yield of 2.58%. Radius Recycling’s payout ratio is currently -7.52%.

Institutional Trading of Radius Recycling

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Radius Recycling by 76.2% in 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 during the period. E. Ohman J or Asset Management AB boosted 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 worth $2,923,000 after acquiring an additional 2,548 shares in the last quarter. Green Alpha Advisors LLC grew its stake in 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 acquiring an additional 5,539 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Radius Recycling by 11.5% during the first quarter. Moody National Bank Trust Division now owns 30,450 shares of the basic materials company’s stock valued at $879,000 after acquiring an additional 3,140 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Radius Recycling by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 88,129 shares of the basic materials company’s stock worth $1,341,000 after purchasing an additional 760 shares during the period. Institutional investors and hedge funds 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.