Real Industry Inc. (RELY) Trading Up 6%
Real Industry Inc. (NASDAQ:RELY) was up 6% during trading on Friday . The company traded as high as $8.15 and last traded at $8.15, with a volume of 73,704 shares traded. The stock had previously closed at $7.69.
A number of equities research analysts recently commented on RELY shares. Zacks Investment Research upgraded Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. B. Riley reiterated a “buy” rating and issued a $16.00 target price on shares of Real Industry in a research report on Saturday, May 14th.
The stock’s 50 day moving average price is $7.94 and its 200 day moving average price is $7.63. The company’s market cap is $235.08 million.
Real Industry (NASDAQ:RELY) last released its quarterly earnings data 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. During the same period in the prior year, the firm earned ($0.82) EPS. The business earned $309 million during the quarter, compared to analyst estimates of $308.33 million. The business’s revenue was up 124.5% on a year-over-year basis. Analysts predict that Real Industry Inc. will post ($0.68) EPS for the current year.
In related news, CEO Craig T. Bouchard acquired 15,000 shares of Real Industry stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $6.86 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 146,671 shares of the company’s stock, valued at approximately $1,006,163.06. The acquisition was disclosed in a legal filing with the SEC, 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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