StockNews.com Lowers Radius Recycling (NASDAQ:RDUS) to Sell

StockNews.com lowered shares of Radius Recycling (NASDAQ:RDUS) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Separately, Seaport Res Ptn cut Radius Recycling from a neutral rating to a sell rating in a research report on Wednesday, February 28th.

Radius Recycling Stock Up 1.8 %

Shares of RDUS stock opened at $17.86 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $19.24 and its 200 day moving average is $23.72. Radius Recycling has a twelve month low of $16.84 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 analysts’ consensus estimates 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 firm had revenue of $621.06 million for the quarter, compared to the consensus estimate of $626.35 million. During the same period in the prior year, the firm earned $0.14 EPS. The company’s revenue was down 17.8% compared to the same quarter last year. As a group, sell-side analysts predict that Radius Recycling will post -3.53 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 22nd will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Friday, April 19th. Radius Recycling’s payout ratio is -32.89%.

Institutional Trading of Radius Recycling

A number of institutional investors and hedge funds have recently bought and sold shares of RDUS. Millburn Ridgefield Corp bought a new stake in shares of Radius Recycling in the 1st quarter worth $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Radius Recycling during the first quarter valued at $51,000. Unison Advisors LLC bought a new stake in Radius Recycling in the 1st quarter worth about $226,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Radius Recycling in the 1st quarter worth about $236,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Radius Recycling during the 1st quarter valued at about $367,000. 78.11% of the stock is currently 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.