Fisher Asset Management LLC Takes $4.49 Million Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Fisher Asset Management LLC acquired a new stake in Radius Recycling, Inc. (NASDAQ:RDUS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 148,803 shares of the basic materials company’s stock, valued at approximately $4,488,000. Fisher Asset Management LLC owned 0.53% of Radius Recycling at the end of the most recent reporting period.

Radius Recycling Stock Performance

Shares of RDUS stock opened at $14.63 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The company has a market capitalization of $409.38 million, a price-to-earnings ratio of -6.42 and a beta of 1.63. Radius Recycling, Inc. has a 52 week low of $14.62 and a 52 week high of $36.64. The company has a 50-day simple moving average of $17.35 and a 200 day simple moving average of $21.97.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings data on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.09) by $0.05. The firm had revenue of $621.06 million during the quarter, compared to the consensus estimate of $626.35 million. Radius Recycling had a negative net margin of 2.28% and a negative return on equity of 1.73%. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, sell-side analysts predict that Radius Recycling, Inc. will post -3.32 earnings per share for the current year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 22nd were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Friday, April 19th. Radius Recycling’s dividend payout ratio is currently -32.89%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Seaport Res Ptn raised shares of Radius Recycling from a “strong sell” rating to a “hold” rating in a report on Thursday, May 30th. StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd.

Radius Recycling 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.