StockNews.com Upgrades Radius Recycling (NASDAQ:RDUS) to Hold

Radius Recycling (NASDAQ:RDUS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Radius Recycling Stock Up 0.2 %

Shares of NASDAQ:RDUS opened at $18.25 on Wednesday. The firm has a fifty day moving average price of $15.94 and a two-hundred day moving average price of $16.89. The company has a market cap of $511.71 million, a price-to-earnings ratio of -1.88 and a beta of 1.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. Radius Recycling has a one year low of $12.69 and a one year high of $31.70.

Institutional Trading of Radius Recycling

Several institutional investors and hedge funds have recently modified their holdings of RDUS. Gladius Capital Management LP purchased a new stake in Radius Recycling in the second quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Radius Recycling during the 2nd quarter valued at $30,000. Millburn Ridgefield Corp bought a new stake in shares of Radius Recycling during the 1st quarter worth $33,000. Founders Capital Management increased its stake in Radius Recycling by 50.0% in the third quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in Radius Recycling by 23.6% during the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares in the last quarter. Hedge funds and other 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.