Real Industry Inc. (RELY) Sees Strong Trading Volume
Real Industry Inc. (NASDAQ:RELY) saw an uptick in trading volume on Monday . 204,751 shares were traded during mid-day trading, an increase of 125% from the previous session’s volume of 91,190 shares.The stock last traded at $8.68 and had previously closed at $8.19.
Several research firms have issued reports on RELY. B. Riley reiterated a “buy” rating and issued a $16.00 price objective on shares of Real Industry in a research report on Saturday, May 14th. Zacks Investment Research upgraded Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm’s 50 day moving average is $7.93 and its 200-day moving average is $7.67. The stock’s market cap is $244.84 million.
Real Industry (NASDAQ:RELY) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.20. The firm earned $309 million during the quarter, compared to the consensus estimate of $308.33 million. The business’s quarterly revenue was up 124.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.82) earnings per share. On average, equities research analysts forecast that Real Industry Inc. will post ($0.68) EPS for the current fiscal year.
In other news, CEO Craig T. Bouchard acquired 15,000 shares of the company’s stock in a transaction dated Friday, May 20th. The shares were bought at an average price of $6.86 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 146,671 shares of the company’s stock, valued at $1,006,163.06. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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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