Radius Recycling (NASDAQ:RDUS) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Radius Recycling (NASDAQ:RDUS) in a report issued on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

Radius Recycling Price Performance

Shares of NASDAQ RDUS opened at $29.41 on Tuesday. 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 business has a 50-day moving average of $29.14 and a 200-day moving average of $20.13. The company has a market capitalization of $829.42 million, a price-to-earnings ratio of -2.94 and a beta of 1.04.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping the consensus estimate 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 business had revenue of $642.51 million for the quarter, compared to analysts’ expectations of $635.94 million. On average, equities analysts anticipate that Radius Recycling will post -3.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Radius Recycling

Several institutional investors and hedge funds have recently bought and sold shares of the business. Slotnik Capital LLC bought a new stake in Radius Recycling in the first quarter valued at $2,744,000. Caxton Associates LLP acquired a new stake in Radius Recycling in the first quarter worth approximately $2,888,000. Goldman Sachs Group Inc. boosted its stake in Radius Recycling by 82.6% during the first quarter. Goldman Sachs Group Inc. now owns 422,774 shares of the basic materials company’s stock valued at $12,210,000 after buying an additional 191,278 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Radius Recycling in the 1st quarter worth approximately $511,000. Finally, Murchinson Ltd. acquired a new stake in shares of Radius Recycling during the 1st quarter valued at $202,000. 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.