Ryerson (NYSE:RYI) Sets New 12-Month Low – Time to Sell?

Ryerson Holding Co. (NYSE:RYI) shares reached a new 52-week low on Thursday . The company traded as low as $17.46 and last traded at $17.67, with a volume of 306738 shares trading hands. The stock had previously closed at $18.15.

Ryerson Stock Performance

The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $562.74 million, a price-to-earnings ratio of 28.97 and a beta of 1.59. The company has a 50-day moving average price of $22.48 and a 200-day moving average price of $21.12.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.26). The business had revenue of $1.13 billion during the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same period last year, the firm posted $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, December 5th. Ryerson’s dividend payout ratio is currently 122.95%.

Insider Activity at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the transaction, the executive vice president now owns 107,664 shares of the company’s stock, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.88% of the company’s stock.

Institutional Investors Weigh In On Ryerson

A number of institutional investors and hedge funds have recently bought and sold shares of RYI. Point72 DIFC Ltd raised its holdings in shares of Ryerson by 16.7% in the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ryerson by 7.9% in the second quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock valued at $266,000 after buying an additional 1,003 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Ryerson by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock valued at $305,000 after acquiring an additional 1,157 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Ryerson during the 2nd quarter worth $39,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Ryerson by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 75,339 shares of the basic materials company’s stock worth $1,469,000 after acquiring an additional 2,529 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.