REalloys (NASDAQ:ALOY) Stock Price Down 5% – Here’s Why

Shares of REalloys Inc (NASDAQ:ALOY) were down 5% during trading on Thursday. The company traded as low as $6.17 and last traded at $6.32. Approximately 1,388,679 shares changed hands during trading, a decline of 27% from the average session volume of 1,902,998 shares. The stock had previously closed at $6.65.

Analyst Ratings Changes

Several equities research analysts recently commented on ALOY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of REalloys in a research note on Monday, September 14th. Needham & Company LLC lowered their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

REalloys Price Performance

The company has a 50-day moving average price of $7.76 and a 200-day moving average price of $10.90. The firm has a market capitalization of $440.30 million, a PE ratio of -2.00 and a beta of 1.43.

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

Institutional Investors Weigh In On REalloys

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of REalloys during the second quarter worth about $31,000. Jacobi Capital Management LLC purchased a new stake in REalloys during the 3rd quarter worth approximately $25,000. State of Wyoming purchased a new stake in REalloys during the 2nd quarter worth approximately $47,000. Global Retirement Partners LLC raised its position in shares of REalloys by 8,146.7% in the 3rd quarter. Global Retirement Partners LLC now owns 3,711 shares of the company’s stock valued at $30,000 after purchasing an additional 3,666 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of REalloys in the 2nd quarter valued at approximately $80,000. 3.58% of the stock is owned by institutional investors and hedge funds.

REalloys Company Profile

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company’s activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.