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

StockNews.com assumed coverage on shares of Radius Recycling (NASDAQ:RDUS) in a research note published on Friday. The brokerage issued a sell rating on the basic materials company’s stock.

Radius Recycling Trading Up 0.0 %

Shares of RDUS opened at $29.11 on Friday. Radius Recycling has a fifty-two week low of $10.57 and a fifty-two week high of $29.20. The business has a 50-day moving average of $22.05 and a 200 day moving average of $18.26. The firm has a market cap of $820.96 million, a P/E ratio of -2.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02.

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

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.58%. The ex-dividend date is Monday, April 21st. Radius Recycling’s dividend payout ratio is presently -7.52%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RDUS. Stifel Financial Corp boosted its position in shares of Radius Recycling by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 20,052 shares of the basic materials company’s stock valued at $372,000 after acquiring an additional 4,455 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Radius Recycling by 62.9% during the 3rd quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company’s stock worth $1,684,000 after acquiring an additional 35,073 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Radius Recycling by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock worth $615,000 after acquiring an additional 610 shares in the last quarter. Barclays PLC boosted its holdings in shares of Radius Recycling by 156.2% in the 3rd quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock worth $1,081,000 after purchasing an additional 35,568 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Radius Recycling by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock valued at $11,936,000 after purchasing an additional 36,618 shares during the last quarter. 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.