Radius Recycling (NASDAQ:RDUS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Radius Recycling (NASDAQ:RDUS) in a report issued on Tuesday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Radius Recycling Trading Down 0.1%

Shares of NASDAQ:RDUS opened at $29.41 on Tuesday. The company has a market cap of $829.42 million, a P/E ratio of -2.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling has a 1 year low of $10.57 and a 1 year high of $29.59. The stock’s fifty day moving average price is $29.10 and its 200-day moving average price is $20.07.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The firm had revenue of $642.51 million for the quarter, compared to the consensus estimate of $635.94 million. Sell-side analysts expect that Radius Recycling will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling’s dividend payout ratio is -7.52%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Radius Recycling by 76.2% in the first quarter. GAMMA Investing LLC now owns 948 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Longfellow Investment Management Co. LLC bought a new position in Radius Recycling in the first quarter valued at about $75,000. State of Wyoming bought a new position in Radius Recycling in the first quarter valued at about $106,000. Aquatic Capital Management LLC bought a new position in Radius Recycling in the fourth quarter valued at about $68,000. Finally, CWM LLC lifted its holdings in Radius Recycling by 160.3% in the first quarter. CWM LLC now owns 6,431 shares of the basic materials company’s stock valued at $186,000 after acquiring an additional 3,960 shares during the period. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Company Profile

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.