Radius Recycling (NASDAQ:RDUS – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.
Separately, Seaport Res Ptn downgraded shares of Radius Recycling from a “neutral” rating to a “sell” rating in a report on Wednesday, February 28th.
Get Our Latest Research Report on RDUS
Radius Recycling Stock Performance
Radius Recycling (NASDAQ:RDUS – Get Free Report) last issued its earnings results on Thursday, April 4th. The basic materials company reported ($1.04) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.05. The company had revenue of $621.06 million during the quarter, compared to the consensus estimate of $626.35 million. Radius Recycling had a negative net margin of 2.28% and a negative return on equity of 1.73%. Radius Recycling’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, research analysts forecast that Radius Recycling will post -3.53 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC bought a new position in shares of Radius Recycling during the 4th quarter valued at about $4,488,000. Green Alpha Advisors LLC bought a new position in shares of Radius Recycling during the 1st quarter valued at about $967,000. Allspring Global Investments Holdings LLC bought a new position in shares of Radius Recycling during the 1st quarter valued at about $367,000. Finally, Unison Advisors LLC purchased a new stake in shares of Radius Recycling during the 1st quarter valued at about $226,000. Institutional investors own 78.11% of the company’s stock.
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.
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