Radius Recycling (NASDAQ:RDUS) Upgraded at StockNews.com

StockNews.com upgraded shares of Radius Recycling (NASDAQ:RDUS) from a sell rating to a hold rating in a research report released on Wednesday morning.

Separately, Seaport Res Ptn cut Radius Recycling from a neutral rating to a sell rating in a research report on Wednesday, February 28th.

Radius Recycling Trading Down 1.3 %

Radius Recycling stock opened at $17.90 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. Radius Recycling has a 1-year low of $16.90 and a 1-year high of $36.64. The business has a fifty day moving average price of $20.03 and a 200-day moving average price of $24.14.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings results on Thursday, April 4th. The basic materials company reported ($1.04) EPS for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.05. Radius Recycling had a negative return on equity of 1.73% and a negative net margin of 2.28%. The company had revenue of $621.06 million during the quarter, compared to analysts’ expectations of $626.35 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s revenue was down 17.8% compared to the same quarter last year. As a group, equities analysts anticipate that Radius Recycling will post -3.53 EPS for the current year.

Radius Recycling Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.75 dividend on an annualized basis and a yield of 4.19%. Radius Recycling’s dividend payout ratio is currently -32.89%.

Institutional Trading of Radius Recycling

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new position in shares of Radius Recycling during the 1st quarter valued at about $33,000. Unison Advisors LLC purchased a new position in shares of Radius Recycling during the 1st quarter valued at about $226,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Radius Recycling during the 1st quarter valued at about $367,000. Green Alpha Advisors LLC purchased a new position in shares of Radius Recycling during the 1st quarter valued at about $967,000. Finally, Fisher Asset Management LLC purchased a new position in shares of Radius Recycling during the 4th quarter valued at about $4,488,000. Institutional investors and hedge funds 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.