Ryerson Holding Corp. (RYI) Trading Down 2%
Ryerson Holding Corp. (NYSE:RYI) fell 2% during mid-day trading on Tuesday . The stock traded as low as $11.84 and last traded at $11.97, with a volume of 180,724 shares trading hands. The stock had previously closed at $12.21.
Several research firms recently issued reports on RYI. BMO Capital Markets lifted their price objective on Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. lifted their price objective on Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. Zacks Investment Research lowered Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Jefferies Group reissued a “hold” rating and set a $14.50 price objective (up previously from $10.00) on shares of Ryerson Holding Corp. in a research note on Friday, June 10th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Ryerson Holding Corp. has an average rating of “Hold” and an average price target of $12.00.
The stock has a 50 day moving average of $13.87 and a 200 day moving average of $10.66. The stock has a market capitalization of $453.35 million and a PE ratio of 75.43.
Ryerson Holding Corp. (NYSE:RYI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. On average, equities research analysts forecast that Ryerson Holding Corp. will post $1.56 EPS for the current year.
In other news, insider Kevin D. Richardson purchased 2,750 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were acquired at an average cost of $12.00 per share, with a total value of $33,000.00. Following the completion of the acquisition, the insider now owns 57,750 shares of the company’s stock, valued at $693,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Burbach purchased 2,800 shares of the business’s stock in a transaction on Friday, August 12th. The stock was purchased at an average cost of $12.90 per share, for a total transaction of $36,120.00. Following the completion of 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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