Radius Recycling (NASDAQ:RDUS) Upgraded at StockNews.com

StockNews.com upgraded shares of Radius Recycling (NASDAQ:RDUS) from a sell rating to a hold rating in a report published on Wednesday morning.

Separately, Seaport Res Ptn upgraded Radius Recycling from a strong sell rating to a hold rating in a research note on Thursday, May 30th.

Radius Recycling Stock Down 0.5 %

Radius Recycling stock opened at $14.68 on Wednesday. The stock has a market cap of $411.63 million, a PE ratio of -1.51 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The stock has a fifty day moving average of $15.62 and a 200 day moving average of $17.42. Radius Recycling has a one year low of $12.69 and a one year high of $31.70.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.07. The business had revenue of $673.92 million for the quarter, compared to the consensus estimate of $693.90 million. Radius Recycling had a negative net margin of 10.28% and a negative return on equity of 5.89%. The company’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, sell-side analysts predict that Radius Recycling will post -3.06 EPS for the current year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 22nd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Monday, July 22nd. Radius Recycling’s dividend payout ratio (DPR) is presently -7.72%.

Institutional Investors Weigh In On Radius Recycling

Several large investors have recently made changes to their positions in RDUS. Fisher Asset Management LLC purchased a new stake in Radius Recycling during the fourth quarter valued at $4,488,000. Green Alpha Advisors LLC bought a new position in shares of Radius Recycling in the 1st quarter valued at about $967,000. Unison Advisors LLC purchased a new position in Radius Recycling in the first quarter worth about $226,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Radius Recycling in the 1st quarter worth approximately $367,000. Finally, Millburn Ridgefield Corp purchased a new stake in Radius Recycling during the 1st quarter valued at $33,000. 78.11% of the stock is owned by institutional investors.

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.