Real Industry Inc. (RELY) Shares Up 2.6%
Real Industry Inc. (NASDAQ:RELY) shot up 2.6% on Monday . The company traded as high as $7.21 and last traded at $7.20, with a volume of 324,863 shares trading hands. The stock had previously closed at $7.02.
A number of brokerages recently weighed in on RELY. B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Real Industry in a research report on Monday, May 9th. Zacks Investment Research raised shares of Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm’s 50 day moving average price is $7.80 and its 200 day moving average price is $7.79. The company’s market capitalization is $210.32 million.
Real Industry (NASDAQ:RELY) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. During the same period in the previous year, the company earned ($0.53) EPS. The business earned $320.90 million during the quarter, compared to analyst estimates of $323.39 million. Real Industry’s revenue was down 13.0% on a year-over-year basis. Equities analysts predict that Real Industry Inc. will post ($0.70) EPS for the current year.
In other Real Industry news, Director William K. Hall acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was bought at an average price of $7.02 per share, with a total value of $70,200.00. Following the completion of the transaction, the director now directly owns 29,711 shares of the company’s stock, valued at $208,571.22. The transaction was disclosed in a filing with the SEC, which can be accessed 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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