Radius Recycling (NASDAQ:RDUS) Coverage Initiated at StockNews.com

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

Radius Recycling Stock Performance

NASDAQ RDUS opened at $29.40 on Friday. The firm’s fifty day moving average price is $25.94 and its two-hundred day moving average price is $19.18. The stock has a market cap of $829.14 million, a PE ratio of -2.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling has a fifty-two week low of $10.57 and a fifty-two week high of $29.48.

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

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling’s payout ratio is currently -7.52%.

Institutional Trading of Radius Recycling

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Radius Recycling by 76.2% in the first quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company’s stock valued at $27,000 after buying an additional 410 shares during the period. Aquatic Capital Management LLC acquired a new stake in Radius Recycling during the 4th quarter valued at approximately $68,000. SG Americas Securities LLC bought a new position in Radius Recycling during the 4th quarter worth approximately $140,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Radius Recycling in the 4th quarter worth approximately $160,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Radius Recycling in the 4th quarter valued at $181,000. 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.