Ryerson Holding Corporation (RYI) Getting Somewhat Positive News Coverage, Analysis Shows
Media headlines about Ryerson Holding Corporation (NYSE:RYI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ryerson Holding Corporation earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.891053410719 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Ryerson Holding Corp (RYI) Climbs Higher Over Past 5 Sessions – Wall Street Review (thewallstreetreview.com)
- Keep Your Active Eyes on Ryerson Holding Corporation (RYI) – Wall Street Morning (wallstreetmorning.com)
- Ryerson Holding Corp (RYI): Bollinger Bands Signal Update – Wall Street Review (thewallstreetreview.com)
- Ryerson Holding Corp (RYI) Closes Last Session Above PSAR – FLBC News (flbcnews.com)
- Ryerson Holding Corp (RYI) Moving 0.58% in Session – Sparta Review (spartareview.com)
Shares of Ryerson Holding Corporation (NYSE:RYI) traded up 1.74% during midday trading on Wednesday, reaching $8.75. The company’s stock had a trading volume of 241,964 shares. The stock has a 50 day moving average of $8.47 and a 200-day moving average of $10.06. Ryerson Holding Corporation has a 1-year low of $7.65 and a 1-year high of $16.85. The company has a market capitalization of $325.29 million, a P/E ratio of 21.71 and a beta of 2.11.
Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by $0.05. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The firm had revenue of $875.40 million during the quarter, compared to the consensus estimate of $875.13 million. During the same quarter last year, the company posted $0.17 EPS. Ryerson Holding Corporation’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts anticipate that Ryerson Holding Corporation will post $1.04 earnings per share for the current year.
A number of equities analysts have commented on RYI shares. Zacks Investment Research cut Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine lowered Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.60.
In other Ryerson Holding Corporation news, insider Michael Burbach bought 4,800 shares of Ryerson Holding Corporation stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $8.50 per share, for a total transaction of $40,800.00. Following the completion of the acquisition, the insider now owns 57,800 shares of the company’s stock, valued at approximately $491,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 15,950 shares of company stock valued at $130,716 over the last 90 days. 0.76% of the stock is currently owned by insiders.
About Ryerson Holding Corporation
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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