Radius Recycling (NASDAQ:RDUS) Downgraded to “Sell” at StockNews.com

Radius Recycling (NASDAQ:RDUS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

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 Stock Performance

Shares of RDUS opened at $17.31 on Thursday. The company’s fifty day moving average is $19.48 and its 200-day moving average is $23.86. Radius Recycling has a 12 month low of $16.84 and a 12 month high of $36.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Thursday, April 4th. The basic materials company reported ($1.04) EPS 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 for the quarter, compared to analyst estimates of $626.35 million. During the same quarter in the prior year, the business posted $0.14 EPS. Radius Recycling’s quarterly revenue was down 17.8% on a year-over-year basis. Analysts predict that Radius Recycling will post -3.53 earnings per share for the current fiscal year.

Institutional Trading of Radius Recycling

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

About Radius Recycling

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.