ValuEngine downgraded shares of Ryerson (NYSE:RYI) from a sell rating to a strong sell rating in a research note released on Wednesday.
RYI has been the topic of a number of other research reports. Deutsche Bank cut shares of Ryerson from a buy rating to a hold rating and set a $12.00 price target on the stock. in a research note on Monday, July 9th. Zacks Investment Research lowered Ryerson from a buy rating to a hold rating in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $11.06.
Ryerson stock traded down $0.13 during mid-day trading on Wednesday, reaching $8.92. The stock had a trading volume of 103,559 shares, compared to its average volume of 159,464. The stock has a market cap of $337.53 million, a price-to-earnings ratio of 24.11 and a beta of 1.80. Ryerson has a one year low of $7.85 and a one year high of $12.95. The company has a debt-to-equity ratio of 48.25, a current ratio of 2.17 and a quick ratio of 0.99.
Large investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Ryerson in the 1st quarter worth about $112,000. Dynamic Technology Lab Private Ltd purchased a new position in Ryerson in the 1st quarter worth about $142,000. Martingale Asset Management L P purchased a new position in Ryerson in the 2nd quarter worth about $151,000. Cubist Systematic Strategies LLC purchased a new position in Ryerson in the 1st quarter worth about $152,000. Finally, Engineers Gate Manager LP purchased a new position in Ryerson in the 2nd quarter worth about $271,000. 37.39% of the stock is owned by institutional investors and hedge funds.
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.
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