Ryerson Holding Corp. (NYSE:RYI) shares shot up 3.6% on Thursday . The company traded as high as $12.25 and last traded at $12.20, with a volume of 197,865 shares changing hands. The stock had previously closed at $11.78.

A number of research firms have recently weighed in on RYI. BMO Capital Markets raised their price target on shares of Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. lifted their target price 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. Zacks Investment Research downgraded shares of Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Jefferies Group reiterated a “hold” rating and issued a $14.50 target price (up previously from $10.00) on shares of Ryerson Holding Corp. in a report on Friday, June 10th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.00.

The stock has a 50-day moving average of $14.74 and a 200-day moving average of $10.33. The company has a market cap of $453.72 million and a P/E ratio of 75.49.

Ryerson Holding Corp. (NYSE:RYI) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Analysts forecast that Ryerson Holding Corp. will post $1.56 earnings per share for the current year.

In other Ryerson Holding Corp. news, insider Kevin D. Richardson bought 2,750 shares of Ryerson Holding Corp. stock in a transaction that occurred on Tuesday, August 16th. The stock was acquired at an average price of $12.00 per share, for a total transaction of $33,000.00. Following the completion of the acquisition, the insider now owns 57,750 shares of the company’s stock, valued at approximately $693,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Burbach bought 2,800 shares of Ryerson Holding Corp. stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average price of $12.90 per share, with a total value of $36,120.00. Following the acquisition, the insider now directly owns 37,800 shares of the company’s stock, valued at approximately $487,620. 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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