Real Industry Inc. (RELY) Trading 6% Higher
Real Industry Inc. (NASDAQ:RELY) traded up 6% during mid-day trading on Friday . The company traded as high as $8.15 and last traded at $8.15, with a volume of 73,704 shares. The stock had previously closed at $7.69.
A number of equities research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of Real Industry in a research note on Monday, May 9th. Zacks Investment Research upgraded Real Industry from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
The stock’s market capitalization is $235.08 million. The firm’s 50-day moving average price is $7.94 and its 200 day moving average price is $7.63.
Real Industry (NASDAQ:RELY) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.20. The firm had revenue of $309 million for the quarter, compared to analysts’ expectations of $308.33 million. Real Industry’s revenue was up 124.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.82) earnings per share. Equities research analysts forecast 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 the company’s stock in a transaction dated Friday, May 20th. The shares were purchased at an average cost of $6.86 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 146,671 shares of the company’s stock, valued at $1,006,163.06. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
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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