Real Industry Inc. (RELY) Shares Up 2.6%
Shares of Real Industry Inc. (NASDAQ:RELY) shot up 2.6% during mid-day trading on Monday . The company traded as high as $7.21 and last traded at $7.20, with a volume of 324,863 shares. The stock had previously closed at $7.02.
A number of research firms have issued reports on RELY. B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Real Industry in a research note on Saturday, May 14th. Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
The firm’s 50-day moving average is $7.75 and its 200-day moving average is $7.83. The company’s market cap is $202.72 million.
Real Industry (NASDAQ:RELY) last posted its earnings results on Tuesday, August 9th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. During the same period last year, the business earned ($0.53) earnings per share. The company had revenue of $320.90 million for the quarter, compared to analyst estimates of $323.39 million. The firm’s revenue was down 13.0% on a year-over-year basis. On average, analysts forecast that Real Industry Inc. will post ($0.70) earnings per share for the current year.
In other Real Industry news, Director William K. Hall purchased 10,000 shares of the stock in a transaction on Thursday, August 25th. The shares were bought at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the director now owns 29,711 shares of the company’s stock, valued at approximately $208,571.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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