Schnitzer Steel Industries Inc. (NASDAQ:SCHN)’s share price fell 3.3% on Tuesday . The stock traded as low as $18.61 and last traded at $18.73, with a volume of 107,947 shares changing hands. The stock had previously closed at $19.36.

Several research firms have recently weighed in on SCHN. Zacks Investment Research raised Schnitzer Steel Industries from a “strong sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research report on Saturday, July 2nd. TheStreet raised Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $19.25.

The company’s 50-day moving average is $18.43 and its 200 day moving average is $17.17. The firm’s market cap is $508.67 million.

Schnitzer Steel Industries (NASDAQ:SCHN) last issued its quarterly earnings data on Thursday, June 30th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.18 by $0.28. The business earned $352 million during the quarter. The company’s revenue for the quarter was down 24.6% compared to the same quarter last year. On average, analysts expect that Schnitzer Steel Industries Inc. will post $0.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Monday, August 8th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, August 4th.

In other Schnitzer Steel Industries news, insider Jeffery Dyck sold 9,205 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $17.61, for a total value of $162,100.05. Following the sale, the insider now directly owns 38,265 shares of the company’s stock, valued at $673,846.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently bought a new stake in Schnitzer Steel Industries stock. Matarin Capital Management LLC acquired a new stake in shares of Schnitzer Steel Industries Inc. (NASDAQ:SCHN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 253,699 shares of the company’s stock, valued at approximately $3,646,000. Matarin Capital Management LLC owned approximately 0.94% of Schnitzer Steel Industries at the end of the most recent reporting period.

Schnitzer Steel Industries, Inc (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).

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