Radius Recycling (NASDAQ:RDUS) Upgraded by StockNews.com to Hold

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

Separately, Seaport Res Ptn lowered shares of Radius Recycling from a neutral rating to a sell rating in a research note on Wednesday, February 28th.

Radius Recycling Trading Up 1.5 %

RDUS stock opened at $17.91 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $20.29 and a 200-day simple moving average of $24.23. Radius Recycling has a twelve month low of $16.90 and a twelve month high of $36.64.

Radius Recycling (NASDAQ:RDUS) last released its earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.05. Radius Recycling had a negative net margin of 2.28% and a negative return on equity of 1.73%. The company had revenue of $621.06 million during the quarter, compared to the consensus estimate of $626.35 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s revenue was down 17.8% on a year-over-year basis. As a group, sell-side analysts expect that Radius Recycling will post -3.53 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 22nd will be issued a $0.1875 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.19%. Radius Recycling’s dividend payout ratio (DPR) is presently -32.89%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Unison Advisors LLC acquired a new position in shares of Radius Recycling during the first quarter worth approximately $226,000. Allspring Global Investments Holdings LLC bought a new stake in Radius Recycling during the 1st quarter valued at $367,000. Green Alpha Advisors LLC acquired a new position in Radius Recycling during the 1st quarter worth $967,000. Finally, Fisher Asset Management LLC bought a new position in shares of Radius Recycling in the fourth quarter worth $4,488,000. 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.