Real Industry Inc. (RELY) Trading Down 2.5%
Shares of Real Industry Inc. (NASDAQ:RELY) traded down 2.5% during mid-day trading on Wednesday . The stock traded as low as $7.73 and last traded at $7.76, with a volume of 62,467 shares changing hands. The stock had previously closed at $7.96.
Several analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $16.00 target price on shares of Real Industry in a research report on Saturday, May 14th. Zacks Investment Research upgraded shares of Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm has a 50-day moving average price of $8.02 and a 200-day moving average price of $7.56. The firm’s market cap is $222.45 million.
Real Industry (NASDAQ:RELY) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.20. The company had revenue of $309 million for the quarter, compared to analysts’ expectations of $308.33 million. Real Industry’s revenue for the quarter was up 124.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) EPS. Equities research analysts anticipate that Real Industry Inc. will post ($0.68) EPS for the current fiscal year.
In other news, CEO Craig T. Bouchard acquired 15,000 shares of the business’s stock in a transaction on Friday, May 20th. The stock was bought at an average price of $6.86 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now owns 146,671 shares in the company, valued at $1,006,163.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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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