Radius Recycling (NASDAQ:RDUS) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Radius Recycling (NASDAQ:RDUS) in a report issued on Monday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Radius Recycling Trading Down 0.2%

NASDAQ:RDUS opened at $29.46 on Monday. Radius Recycling has a 12 month low of $10.57 and a 12 month high of $29.59. The firm has a market cap of $830.83 million, a price-to-earnings ratio of -2.94 and a beta of 1.04. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $27.83 and its 200-day moving average is $19.69.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. Equities analysts anticipate that Radius Recycling will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Monday, April 21st. Radius Recycling’s dividend payout ratio is -7.52%.

Institutional Trading of Radius Recycling

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Radius Recycling by 76.2% during the 1st quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 410 shares during the period. Aquatic Capital Management LLC bought a new stake in Radius Recycling during the 4th quarter valued at approximately $68,000. Longfellow Investment Management Co. LLC bought a new stake in Radius Recycling during the 1st quarter valued at approximately $75,000. SG Americas Securities LLC bought a new stake in Radius Recycling during the 4th quarter valued at approximately $140,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Radius Recycling during the 4th quarter valued at approximately $160,000. Institutional investors own 78.11% of the company’s stock.

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.