Real Industry Inc (RELY) Sees Strong Trading Volume
Real Industry Inc (NASDAQ:RELY) saw strong trading volume on Monday . 313,877 shares were traded during trading, an increase of 160% from the previous session’s volume of 120,559 shares.The stock last traded at $7.40 and had previously closed at $8.16.
A number of analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $16.00 target price on shares of Real Industry in a research report on Saturday, May 14th. Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm’s 50 day moving average is $7.92 and its 200 day moving average is $7.79. The stock’s market capitalization is $214.42 million.
Real Industry (NASDAQ:RELY) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.06. The company earned $320.90 million during the quarter, compared to analyst estimates of $323.39 million. The company’s revenue was down 13.0% compared to the same quarter last year. During the same period last year, the company posted ($0.53) earnings per share. On average, equities research analysts anticipate that Real Industry Inc will post ($0.69) EPS for the current year.
In related news, Director Patrick Deconinck purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average cost of $7.61 per share, with a total value of $76,100.00. Following the completion of the purchase, the director now owns 39,711 shares of the company’s stock, valued at approximately $302,200.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available 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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