REalloys (NASDAQ:ALOY) Stock Lifted to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of REalloys (NASDAQ:ALOY) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other brokerages also recently weighed in on ALOY. Needham & Company LLC lowered their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, REalloys currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Performance

NASDAQ:ALOY opened at $6.13 on Friday. The company has a market cap of $427.08 million, a PE ratio of -1.94 and a beta of 1.43. REalloys has a 52-week low of $5.72 and a 52-week high of $26.90. The stock has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $10.99.

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

Hedge Funds Weigh In On REalloys

A number of institutional investors have recently modified their holdings of ALOY. BlackRock Inc. bought a new stake in shares of REalloys during the 2nd quarter worth $61,089,000. State Street Corp acquired a new stake in shares of REalloys during the second quarter worth $39,024,000. Legacy Wealth Managment LLC ID acquired a new position in shares of REalloys in the 2nd quarter valued at about $4,987,000. Alps Advisors Inc. boosted its position in shares of REalloys by 76.0% during the 3rd quarter. Alps Advisors Inc. now owns 299,032 shares of the company’s stock valued at $2,443,000 after purchasing an additional 129,150 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of REalloys during the 2nd quarter valued at about $2,294,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on the production of rare earth and other specialty alloys. Its products are intended for use in permanent magnets and other advanced manufacturing applications that require specialized metallic materials.

The company’s activities center on processing and combining rare earth elements with other metals to produce alloy materials, including alloys used in neodymium-iron-boron permanent magnets. These materials support applications across industries such as electric vehicles, renewable energy, electronics, defense and industrial equipment.

REalloys serves the growing market for domestically produced critical materials and is associated with the broader effort to strengthen North American supply chains for rare earth elements and magnet manufacturing.