Real Industry Inc. (RELY) Sees Strong Trading Volume
Real Industry Inc. (NASDAQ:RELY) shares saw an uptick in trading volume on Monday . 123,233 shares were traded during trading, a decline of 17% from the previous session’s volume of 147,867 shares.The stock last traded at $8.15 and had previously closed at $8.13.
A number of research firms recently commented on RELY. B. Riley reiterated a “buy” rating and set a $16.00 price objective on shares of Real Industry in a research note on Saturday, May 14th. Zacks Investment Research lowered shares of Real Industry from a “hold” rating to a “sell” rating in a research note on Wednesday, March 16th. Finally, Craig Hallum decreased their price target on shares of Real Industry from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th.
The firm’s market cap is $233.93 million. The stock has a 50-day moving average of $7.82 and a 200-day moving average of $7.55.
Real Industry (NASDAQ:RELY) last posted its earnings results on Tuesday, May 10th. The company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.20. The company had revenue of $309 million for the quarter, compared to analyst estimates of $308.33 million. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. The firm’s revenue for the quarter was up 124.5% compared to the same quarter last year. Equities research analysts forecast that Real Industry Inc. will post ($0.68) EPS for the current year.
In other Real Industry news, CEO Craig T. Bouchard bought 15,000 shares of the stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $6.86 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 146,671 shares in the company, valued at approximately $1,006,163.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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