Radius Recycling (NASDAQ:RDUS) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Radius Recycling (NASDAQ:RDUS) from a hold rating to a sell rating in a report published on Tuesday morning.

Radius Recycling Stock Down 5.4 %

Shares of Radius Recycling stock opened at $19.44 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. The stock has a market cap of $545.08 million, a price-to-earnings ratio of -2.08 and a beta of 1.55. The firm’s 50-day moving average is $18.06 and its two-hundred day moving average is $16.72. Radius Recycling has a 1 year low of $12.69 and a 1 year high of $31.70.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.18. The company had revenue of $771.00 million during the quarter, compared to the consensus estimate of $680.80 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. Radius Recycling’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. As a group, research analysts expect that Radius Recycling will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Tuesday, November 12th. Radius Recycling’s payout ratio is currently -8.01%.

Insider Activity at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the transaction, the senior vice president now owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Radius Recycling

Several hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its stake in shares of Radius Recycling by 23.6% in the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 564 shares during the last quarter. Founders Capital Management increased its holdings in Radius Recycling by 50.0% in the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after buying an additional 600 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Radius Recycling by 1.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 610 shares during the period. Green Alpha Advisors LLC boosted its holdings in shares of Radius Recycling by 2.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock valued at $820,000 after acquiring an additional 925 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Radius Recycling by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 1,020 shares during the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

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.