REalloys (NASDAQ:ALOY) Trading Down 4.5% – Time to Sell?

Shares of REalloys Inc (NASDAQ:ALOY) dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as $8.95 and last traded at $8.9110. Approximately 564,416 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,882,778 shares. The stock had previously closed at $9.33.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALOY. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Needham & Company LLC decreased their price objective on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

REalloys Trading Down 3.0%

The company has a market cap of $628.25 million, a P/E ratio of -2.89 and a beta of 1.37. The company has a 50 day moving average price of $10.17 and a 200-day moving average price of $11.46.

REalloys (NASDAQ:ALOY) last posted its earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.The company had revenue of $0.80 million for the quarter.

Hedge Funds Weigh In On REalloys

Several large investors have recently bought and sold shares of ALOY. Integrated Wealth Concepts LLC bought a new stake in shares of REalloys during the second quarter worth about $31,000. State of Wyoming bought a new stake in REalloys during the 2nd quarter worth approximately $47,000. Legal & General Group Plc acquired a new position in REalloys in the 2nd quarter valued at approximately $80,000. Quantbot Technologies LP acquired a new position in shares of REalloys during the second quarter worth $132,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of REalloys in the second quarter worth $144,000. 3.58% of the stock is currently owned by institutional investors.

REalloys Company Profile

REalloys, Inc (NASDAQ: ALOY) is a materials company focused on the production of rare-earth alloys and related advanced materials. Its products are intended to serve as feedstock for high-performance permanent magnets and other applications that require specialized magnetic and metallurgical properties.

The company’s activities are associated with the growing demand for rare-earth materials used in electric vehicles, renewable-energy equipment, consumer electronics, industrial systems, aerospace and defense technologies.