REalloys (NASDAQ:ALOY) Rating Lowered to Sell at Wall Street Zen

REalloys (NASDAQ:ALOY) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. Needham & Company LLC reduced their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.00.

REalloys Price Performance

ALOY opened at $8.12 on Friday. REalloys has a fifty-two week low of $5.95 and a fifty-two week high of $26.90. The firm has a market capitalization of $563.69 million, a PE ratio of -2.57 and a beta of 1.40. The company’s 50-day moving average is $10.08 and its 200 day moving average is $10.92.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in REalloys in the 2nd quarter valued at about $31,000. State of Wyoming bought a new position in REalloys during the second quarter worth about $47,000. Legal & General Group Plc bought a new position in REalloys during the second quarter worth about $80,000. Quantbot Technologies LP purchased a new position in shares of REalloys in the second quarter worth about $132,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of REalloys in the second quarter worth about $144,000. Institutional investors own 3.58% of the company’s stock.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on producing rare earth alloys used in the manufacture of permanent magnets and other advanced industrial applications. Its activities are centered on processing and converting rare earth elements into commercially useful alloy products for customers in the technology, automotive, energy, defense and industrial sectors.

The company’s product focus includes neodymium-iron-boron (NdFeB) alloys, which are key inputs for high-performance permanent magnets used in electric motors, wind turbines, consumer electronics and other equipment.