Schnitzer Steel Industries Inc. (NASDAQ:SCHN) shares traded down 3.5% on Friday . The stock traded as low as $18.27 and last traded at $18.39, with a volume of 268,932 shares traded. The stock had previously closed at $19.05.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. TheStreet raised shares of 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 presently has a consensus rating of “Hold” and an average target price of $19.25.

The company’s market cap is $505.95 million. The company’s 50-day moving average price is $19.03 and its 200 day moving average price is $17.45.

Schnitzer Steel Industries (NASDAQ:SCHN) last issued its quarterly earnings data on Thursday, June 30th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.28. The company had revenue of $352 million for the quarter. The business’s revenue for the quarter was down 24.6% on a year-over-year basis. On average, analysts anticipate that Schnitzer Steel Industries Inc. will post $0.42 EPS for the current fiscal year.

The business 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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 4th.

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

An institutional investor recently bought a new position in Schnitzer Steel Industries stock. Matarin Capital Management LLC bought a new position in shares of Schnitzer Steel Industries Inc. (NASDAQ:SCHN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 253,699 shares of the company’s stock, valued at approximately $3,646,000. Matarin Capital Management LLC owned about 0.94% of Schnitzer Steel Industries as of its most recent filing with the SEC.

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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