REalloys (NASDAQ:ALOY) Stock Falls 4.3% – Here’s Why

REalloys Inc (NASDAQ:ALOY)’s stock price traded down 4.3% during mid-day trading on Friday. The stock traded as low as $7.22 and last traded at $7.2510. 376,858 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,865,154 shares. The stock had previously closed at $7.58.

Analyst Ratings Changes

Several research firms have recently commented on ALOY. Wall Street Zen lowered REalloys from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Needham & Company LLC dropped their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, REalloys presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Down 4.8%

The stock’s 50-day simple moving average is $10.09 and its 200 day simple moving average is $10.76. The company has a market cap of $501.07 million, a price-to-earnings ratio of -2.29 and a beta of 1.40.

REalloys (NASDAQ:ALOY) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. The company had revenue of $0.80 million for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

Institutional Trading of REalloys

Several institutional investors have recently added to or reduced their stakes in ALOY. Integrated Wealth Concepts LLC purchased a new position in shares of REalloys during the second quarter worth $31,000. State of Wyoming purchased a new stake in shares of REalloys in the 2nd quarter valued at $47,000. Legal & General Group Plc purchased a new stake in shares of REalloys in the 2nd quarter valued at $80,000. Farther Finance Advisors LLC lifted its stake in REalloys by 942.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,252 shares of the company’s stock worth $51,000 after acquiring an additional 5,652 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in REalloys during the 2nd quarter worth about $132,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on producing rare earth alloys used in the manufacture of permanent magnets and other advanced industrial applications. Its activities are centered on processing and converting rare earth elements into commercially useful alloy products for customers in the technology, automotive, energy, defense and industrial sectors.

The company’s product focus includes neodymium-iron-boron (NdFeB) alloys, which are key inputs for high-performance permanent magnets used in electric motors, wind turbines, consumer electronics and other equipment.