Real Industry Inc. (RELY) Trading Down 0.6%
Shares of Real Industry Inc. (NASDAQ:RELY) dropped 0.6% during trading on Thursday . The company traded as low as $7.82 and last traded at $7.94, with a volume of 84,339 shares traded. The stock had previously closed at $7.99.
RELY has been the topic of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Real Industry in a research report on Tuesday, August 9th. Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The stock’s market capitalization is $232.26 million. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $7.74.
Real Industry (NASDAQ:RELY) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.06. During the same period last year, the company earned ($0.53) earnings per share. The firm earned $320.90 million during the quarter, compared to analysts’ expectations of $323.39 million. The business’s revenue for the quarter was down 13.0% compared to the same quarter last year. Equities research analysts anticipate that Real Industry Inc. will post ($0.69) earnings per share for the current year.
In other news, Director Patrick Deconinck acquired 10,000 shares of Real Industry stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of $7.61 per share, with a total value of $76,100.00. Following the transaction, the director now directly owns 39,711 shares of the company’s stock, valued at approximately $302,200.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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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