REalloys (NASDAQ:ALOY) Stock Jumps 7.1% – Time to Buy?

REalloys Inc (NASDAQ:ALOY)’s stock price rose 7.1% during mid-day trading on Wednesday. The company traded as high as $7.01 and last traded at $6.65. 1,895,123 shares were traded during trading, a decline of 1% from the average session volume of 1,905,321 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. Finally, Needham & Company LLC lowered their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

REalloys Stock Up 7.1%

The business’s fifty day moving average price is $7.83 and its 200 day moving average price is $10.94. The firm has a market capitalization of $463.31 million, a PE ratio of -2.10 and a beta of 1.43.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%. The company had revenue of $0.80 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of REalloys in the 2nd quarter valued at approximately $31,000. Jacobi Capital Management LLC purchased a new stake in shares of REalloys during the third quarter worth approximately $25,000. State of Wyoming purchased a new stake in shares of REalloys during the second quarter worth approximately $47,000. Global Retirement Partners LLC lifted its holdings in shares of REalloys by 8,146.7% during the third quarter. Global Retirement Partners LLC now owns 3,711 shares of the company’s stock worth $30,000 after purchasing an additional 3,666 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of REalloys during the second quarter worth $80,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

REalloys Company Profile

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company’s activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.