Ryerson (NYSE:RYI) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Ryerson Holding Corporation (NYSE:RYI)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.88 and traded as high as $26.60. Ryerson shares last traded at $26.2750, with a volume of 225,576 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Ryerson in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $25.00.

Ryerson Stock Up 0.4%

The firm’s 50 day moving average is $22.88 and its 200-day moving average is $22.52. The firm has a market cap of $846.32 million, a PE ratio of -37.01 and a beta of 1.65. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last released its earnings results on Tuesday, October 28th. The basic materials company reported ($0.46) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.49). Ryerson had a negative return on equity of 2.73% and a negative net margin of 0.51%.The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson has set its Q4 2025 guidance at -0.280–0.220 EPS. As a group, equities research analysts expect that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.1875 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.75 annualized dividend and a yield of 2.9%. Ryerson’s payout ratio is -105.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in Ryerson during the second quarter valued at approximately $28,377,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ryerson by 98.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,396,185 shares of the basic materials company’s stock valued at $32,057,000 after buying an additional 691,737 shares during the period. Invenomic Capital Management LP acquired a new position in Ryerson during the 3rd quarter worth approximately $4,032,000. CenterBook Partners LP purchased a new position in Ryerson in the 3rd quarter worth approximately $3,522,000. Finally, Donald Smith & CO. Inc. acquired a new stake in Ryerson in the second quarter valued at approximately $2,403,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ryerson

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.