Ryerson Holding Corp. (RYI) Stock Price Down 4.4%
Ryerson Holding Corp. (NYSE:RYI)’s share price traded down 4.4% on Tuesday . The company traded as low as $13.83 and last traded at $13.88, with a volume of 235,076 shares traded. The stock had previously closed at $14.52.
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Ryerson Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 19th. Zacks Investment Research downgraded Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Group restated a “hold” rating and set a $14.50 price target (up from $10.00) on shares of Ryerson Holding Corp. in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.25.
The stock’s 50-day moving average price is $15.90 and its 200 day moving average price is $9.68. The company has a market capitalization of $435.90 million and a P/E ratio of 28.29.
Ryerson Holding Corp. (NYSE:RYI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Analysts predict that Ryerson Holding Corp. will post $1.44 earnings per share for the current year.
Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms.
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