Real Industry Inc. (RELY) Stock Price Down 8.9%
Real Industry Inc. (NASDAQ:RELY)’s share price was down 8.9% during mid-day trading on Wednesday . The company traded as low as $7.64 and last traded at $7.74, with a volume of 216,212 shares traded. The stock had previously closed at $8.50.
A number of equities analysts have issued reports on RELY shares. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Real Industry in a report on Tuesday. Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The stock’s market capitalization is $222.16 million. The stock has a 50-day moving average price of $7.92 and a 200 day moving average price of $7.69.
Real Industry (NASDAQ:RELY) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The company earned $320.90 million during the quarter, compared to analysts’ expectations of $323.39 million. During the same quarter last year, the firm posted ($0.53) earnings per share. Real Industry’s revenue for the quarter was down 13.0% compared to the same quarter last year. Equities analysts forecast that Real Industry Inc. will post ($0.68) earnings per share for the current year.
In related news, CEO Craig T. Bouchard purchased 15,000 shares of Real Industry stock in a transaction dated Friday, May 20th. The stock was bought at an average cost of $6.86 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 146,671 shares in the company, valued at $1,006,163.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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