Real Industry Inc. (RELY) Shares Down 0.6%
Shares of Real Industry Inc. (NASDAQ:RELY) traded down 0.6% during trading on Thursday . The company traded as low as $7.82 and last traded at $7.94, with a volume of 84,339 shares trading hands. The stock had previously closed at $7.99.
A number of analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $16.00 price objective on shares of Real Industry in a report on Sunday, August 14th. Zacks Investment Research upgraded shares of Real Industry from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The firm’s 50 day moving average is $7.92 and its 200-day moving average is $7.76. The stock’s market capitalization is $238.70 million.
Real Industry (NASDAQ:RELY) last issued its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. During the same period in the previous year, the firm earned ($0.53) EPS. The firm earned $320.90 million during the quarter, compared to analysts’ expectations of $323.39 million. The firm’s revenue was down 13.0% on a year-over-year basis. Equities analysts forecast that Real Industry Inc. will post ($0.69) earnings per share for the current year.
In other news, Director Patrick Deconinck bought 10,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of $7.61 per share, with a total value of $76,100.00. Following the completion of the acquisition, the director now directly owns 39,711 shares in the company, valued at $302,200.71. The acquisition 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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