REalloys (NASDAQ:ALOY) Stock Falls 9.7% – Here’s Why

REalloys Inc (NASDAQ:ALOY) dropped 9.7% during trading on Friday. The company traded as low as $5.45 and last traded at $5.71. 2,617,451 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 1,906,492 shares. The stock had previously closed at $6.32.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of REalloys from a “hold” rating to a “sell” rating in a research note on Sunday. Needham & Company LLC lowered their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, REalloys has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Performance

The company has a market cap of $397.82 million, a P/E ratio of -1.81 and a beta of 1.43. The company has a fifty day moving average price of $7.60 and a two-hundred day moving average price of $10.83.

REalloys (NASDAQ:ALOY) last released its earnings results on Friday, November 13th. The company reported ($0.44) earnings per share (EPS) for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%. The company had revenue of $0.41 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALOY. BlackRock Inc. acquired a new position in REalloys during the second quarter worth $61,089,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in REalloys during the third quarter worth $32,238,000. State Street Corp bought a new stake in REalloys during the second quarter worth $39,024,000. Legacy Wealth Managment LLC ID bought a new stake in REalloys during the second quarter worth $4,987,000. Finally, Bank of New York Mellon Corp acquired a new stake in REalloys in the second quarter valued at $2,294,000. 3.58% of the stock is currently owned by institutional investors.

REalloys Company Profile

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company’s activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.