Radius Recycling (NASDAQ:RDUS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Radius Recycling (NASDAQ:RDUS) in a report published on Thursday. The firm issued a sell rating on the basic materials company’s stock.

Radius Recycling Trading Up 0.3 %

RDUS opened at $29.07 on Thursday. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. Radius Recycling has a twelve month low of $10.57 and a twelve month high of $29.20. The stock has a market capitalization of $818.47 million, a price-to-earnings ratio of -2.90 and a beta of 1.07. The company has a 50-day simple moving average of $20.40 and a 200 day simple moving average of $17.90.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.08) by $0.09. The business had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. Analysts predict that Radius Recycling will post -3.84 EPS for the current fiscal year.

Radius Recycling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 21st will be given a dividend of $0.1875 per share. The ex-dividend date is Monday, April 21st. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. Radius Recycling’s dividend payout ratio is currently -7.52%.

Institutional Investors Weigh In On Radius Recycling

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in shares of Radius Recycling by 17.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company’s stock valued at $38,039,000 after acquiring an additional 377,212 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Radius Recycling during the fourth quarter valued at about $4,199,000. Icon Advisers Inc. Co. grew its holdings in shares of Radius Recycling by 115.9% during the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company’s stock worth $4,338,000 after purchasing an additional 153,000 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Radius Recycling by 447.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 157,929 shares of the basic materials company’s stock valued at $2,404,000 after buying an additional 129,086 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Radius Recycling in the 4th quarter valued at approximately $1,964,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

About Radius Recycling

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.