Ryerson Holding Corp (RYI) Trading Down 4.9%
Ryerson Holding Corp (NYSE:RYI)’s share price traded down 4.9% on Friday . The company traded as low as $11.99 and last traded at $12.01, with a volume of 217,121 shares. The stock had previously closed at $12.63.
A number of equities analysts recently weighed in on the stock. Jefferies Group reissued a “hold” rating and issued a $14.50 price target (up from $10.00) on shares of Ryerson Holding Corp in a report on Friday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Ryerson Holding Corp from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. BMO Capital Markets boosted their price target on shares of Ryerson Holding Corp from $10.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research raised shares of Ryerson Holding Corp from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.00.
The firm has a market cap of $442.59 million and a price-to-earnings ratio of 73.64. The company’s 50 day moving average is $15.29 and its 200-day moving average is $10.03.
Ryerson Holding Corp (NYSE:RYI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. On average, analysts anticipate that Ryerson Holding Corp will post $1.59 EPS for the current year.
In related news, insider Michael Burbach purchased 2,800 shares of Ryerson Holding Corp stock in a transaction dated Friday, August 12th. The stock was purchased at an average cost of $12.90 per share, for a total transaction of $36,120.00. Following the completion of the acquisition, the insider now directly owns 37,800 shares of the company’s stock, valued at $487,620. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kevin D. Richardson purchased 2,750 shares of Ryerson Holding Corp stock in a transaction dated Tuesday, August 16th. The shares were bought at an average price of $12.00 per share, with a total value of $33,000.00. Following the completion of the acquisition, the insider now directly owns 57,750 shares of the company’s stock, valued at $693,000. The disclosure for this purchase can be found here.
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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