Ryerson Holding Corp. (RYI) Stock Price Down 4.9%
Ryerson Holding Corp. (NYSE:RYI) was down 4.9% during trading on Friday . The stock traded as low as $11.99 and last traded at $12.01, with a volume of 217,121 shares. The stock had previously closed at $12.63.
Several equities research analysts have commented on RYI shares. Zacks Investment Research cut shares of Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. BMO Capital Markets boosted their price objective on Ryerson Holding Corp. from $10.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. boosted their price objective on Ryerson Holding Corp. from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Finally, Jefferies Group boosted their price objective on Ryerson Holding Corp. from $4.75 to $10.00 and gave the stock a “hold” rating in a report on Monday, May 9th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Ryerson Holding Corp. presently has an average rating of “Hold” and a consensus target price of $12.00.
The firm has a market cap of $442.59 million and a P/E ratio of 73.64. The firm’s 50-day moving average is $15.13 and its 200-day moving average is $10.10.
Ryerson Holding Corp. (NYSE:RYI) last announced its earnings results on Wednesday, August 10th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. Equities analysts forecast that Ryerson Holding Corp. will post $1.56 earnings per share for the current year.
In other Ryerson Holding Corp. news, CEO Edward J. Lehner bought 7,060 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $12.00 per share, for a total transaction of $84,720.00. Following the completion of the acquisition, the chief executive officer now owns 79,060 shares of the company’s stock, valued at $948,720. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Burbach bought 2,800 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were acquired at an average price of $12.90 per share, for a total transaction of $36,120.00. Following 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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