Radius Recycling (NASDAQ:RDUS) Lifted to Hold at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Radius Recycling (NASDAQ:RDUS – Free Report) from a sell rating to a hold rating in a research note published on Wednesday.

Radius Recycling Price Performance

Radius Recycling stock opened at $18.58 on Wednesday. Radius Recycling has a 1 year low of $12.69 and a 1 year high of $31.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. The stock has a market cap of $520.96 million, a price-to-earnings ratio of -1.91 and a beta of 1.53. The firm has a 50-day moving average of $16.04 and a two-hundred day moving average of $16.91.

Institutional Investors Weigh In On Radius Recycling

Large investors have recently modified their holdings of the business. Millburn Ridgefield Corp bought a new stake in shares of Radius Recycling in the 1st quarter valued at about $33,000. Founders Capital Management raised its stake in shares of Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 600 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Radius Recycling during the 2nd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Radius Recycling during the 2nd quarter worth approximately $30,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Radius Recycling during the 1st quarter worth approximately $51,000. Institutional investors own 78.11% of the company’s stock.

About Radius Recycling

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Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.

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