Real Industry Inc. (RELY) Trading Down 3.5%
Real Industry Inc. (NASDAQ:RELY)’s share price dropped 3.5% during trading on Wednesday . The company traded as low as $6.84 and last traded at $6.87, with a volume of 114,456 shares. The stock had previously closed at $7.12.
RELY has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Real Industry in a research note on Saturday, May 14th. Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
The company has a 50-day moving average price of $7.75 and a 200-day moving average price of $7.83. The company’s market cap is $200.96 million.
Real Industry (NASDAQ:RELY) last announced its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. During the same quarter in the prior year, the company earned ($0.53) earnings per share. The business earned $320.90 million during the quarter, compared to the consensus estimate of $323.39 million. Real Industry’s revenue was down 13.0% compared to the same quarter last year. On average, equities research analysts predict that Real Industry Inc. will post ($0.70) EPS for the current year.
In other Real Industry news, Director William K. Hall bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were acquired at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the purchase, the director now directly owns 29,711 shares of the company’s stock, valued at $208,571.22. The acquisition was disclosed in a filing with the SEC, 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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