REalloys (NASDAQ:ALOY) Stock Rating Upgraded by Wall Street Zen

REalloys (NASDAQ:ALOY) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

ALOY has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of REalloys in a research report on Monday, September 14th. Needham & Company LLC dropped their target price on REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

REalloys Price Performance

ALOY stock opened at $6.13 on Friday. The company has a market cap of $427.08 million, a P/E ratio of -1.94 and a beta of 1.43. REalloys has a 1 year low of $5.72 and a 1 year high of $26.90. The firm has a 50-day moving average of $7.98 and a 200 day moving average of $10.99.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%. The company had revenue of $0.80 million during the quarter.

Hedge Funds Weigh In On REalloys

Several hedge funds and other institutional investors have recently made changes to their positions in ALOY. BlackRock Inc. acquired a new stake in REalloys during the second quarter worth $61,089,000. State Street Corp bought a new position in REalloys in the second quarter valued at about $39,024,000. Legacy Wealth Managment LLC ID purchased a new position in REalloys during the 2nd quarter worth $4,987,000. Bank of New York Mellon Corp purchased a new stake in shares of REalloys in the second quarter valued at approximately $2,294,000. Finally, Alps Advisors Inc. lifted its stake in REalloys by 76.0% in the third quarter. Alps Advisors Inc. now owns 299,032 shares of the company’s stock worth $2,443,000 after acquiring an additional 129,150 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on the production of rare earth and other specialty alloys. Its products are intended for use in permanent magnets and other advanced manufacturing applications that require specialized metallic materials.

The company’s activities center on processing and combining rare earth elements with other metals to produce alloy materials, including alloys used in neodymium-iron-boron permanent magnets. These materials support applications across industries such as electric vehicles, renewable energy, electronics, defense and industrial equipment.

REalloys serves the growing market for domestically produced critical materials and is associated with the broader effort to strengthen North American supply chains for rare earth elements and magnet manufacturing.