RYI has been the subject of a number of other reports. Deutsche Bank set a $10.00 price objective on Ryerson and gave the stock a “hold” rating in a research report on Thursday, July 11th. Zacks Investment Research lowered Ryerson from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 10th. Finally, BMO Capital Markets decreased their price objective on Ryerson from $9.00 to $7.00 and set a “market perform” rating for the company in a research report on Monday, August 26th.
NYSE RYI traded up $0.09 during trading on Tuesday, reaching $9.19. 9,226 shares of the company’s stock were exchanged, compared to its average volume of 151,580. Ryerson has a fifty-two week low of $5.99 and a fifty-two week high of $11.89. The firm has a market capitalization of $290.56 million, a PE ratio of 8.60 and a beta of 1.92. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 8.94. The company’s fifty day simple moving average is $7.34 and its 200-day simple moving average is $8.28.
Ryerson (NYSE:RYI) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.32). Ryerson had a return on equity of 56.51% and a net margin of 2.56%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. Equities analysts forecast that Ryerson will post 2.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Ryerson by 111.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,778 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Ryerson by 4.5% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 41,439 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 1,800 shares in the last quarter. Northern Trust Corp raised its stake in shares of Ryerson by 0.9% during the 2nd quarter. Northern Trust Corp now owns 201,629 shares of the basic materials company’s stock worth $1,680,000 after purchasing an additional 1,843 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Ryerson by 2.1% during the 2nd quarter. Mutual Advisors LLC now owns 98,200 shares of the basic materials company’s stock worth $818,000 after purchasing an additional 2,000 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in shares of Ryerson by 3.3% during the 1st quarter. ClariVest Asset Management LLC now owns 98,100 shares of the basic materials company’s stock worth $840,000 after purchasing an additional 3,100 shares in the last quarter. 35.65% of the stock is owned by institutional investors.
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, structurals, and tubing.
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