Ryerson Holding Corp (NYSE:RYI) shares reached a new 52-week low during trading on Thursday . The company traded as low as $7.12 and last traded at $7.50, with a volume of 4647 shares trading hands. The stock had previously closed at $7.63.
A number of research firms have recently commented on RYI. ValuEngine downgraded shares of Ryerson from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of Ryerson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Deutsche Bank raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, November 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.42.
The stock has a market capitalization of $283.83 million, a PE ratio of 20.57 and a beta of 1.89. The company has a debt-to-equity ratio of 12.03, a quick ratio of 1.06 and a current ratio of 2.45.
Ryerson (NYSE:RYI) last posted its earnings results on Friday, November 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.07). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Ryerson had a return on equity of 101.73% and a net margin of 2.60%. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. As a group, research analysts anticipate that Ryerson Holding Corp will post 1.24 earnings per share for the current year.
In other Ryerson news, CEO Edward J. Lehner bought 4,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $8.10 per share, with a total value of $33,412.50. Following the transaction, the chief executive officer now owns 215,439 shares in the company, valued at $1,745,055.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have purchased 13,625 shares of company stock valued at $113,158. Corporate insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Martingale Asset Management L P acquired a new stake in Ryerson during the 2nd quarter worth approximately $151,000. Jefferies Group LLC acquired a new stake in Ryerson during the 3rd quarter worth approximately $162,000. Wakefield Asset Management LLLP acquired a new stake in Ryerson during the 3rd quarter worth approximately $222,000. O Shaughnessy Asset Management LLC increased its position in Ryerson by 59.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 7,850 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Ryerson in the second quarter valued at approximately $271,000. 36.83% of the stock is owned by hedge funds and other institutional investors.
About Ryerson (NYSE:RYI)
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.
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