REalloys (NASDAQ:ALOY) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of REalloys (NASDAQ:ALOY) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

A number of other equities research analysts also recently commented on ALOY. Weiss Ratings reiterated a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. Needham & Company LLC decreased their target price on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, REalloys currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

REalloys Price Performance

ALOY opened at $8.11 on Friday. The firm has a 50 day simple moving average of $10.09 and a 200 day simple moving average of $10.88. REalloys has a fifty-two week low of $6.00 and a fifty-two week high of $26.90. The company has a market cap of $563.00 million, a price-to-earnings ratio of -2.57 and a beta of 1.40.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALOY. State Street Corp bought a new stake in shares of REalloys during the second quarter worth $39,024,000. The Manufacturers Life Insurance Company bought a new stake in REalloys in the 2nd quarter valued at $216,000. Sequoia Financial Advisors LLC bought a new stake in REalloys in the 2nd quarter valued at $144,000. Engineers Gate Manager LP acquired a new position in REalloys in the 2nd quarter worth $732,000. Finally, Integrated Wealth Concepts LLC bought a new position in REalloys during the 2nd quarter worth about $31,000. Institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

REalloys, Inc is a U.S.-based materials company focused on producing rare earth alloys used in the manufacture of permanent magnets and other advanced industrial applications. Its activities are centered on processing and converting rare earth elements into commercially useful alloy products for customers in the technology, automotive, energy, defense and industrial sectors.

The company’s product focus includes neodymium-iron-boron (NdFeB) alloys, which are key inputs for high-performance permanent magnets used in electric motors, wind turbines, consumer electronics and other equipment.