RYI has been the topic of several other reports. Deutsche Bank set a $10.00 price objective on Ryerson and gave the stock a hold rating in a report on Thursday, July 11th. Zacks Investment Research upgraded Ryerson from a strong sell rating to a hold rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets reduced their price objective on Ryerson from $9.00 to $7.00 and set a market perform rating on the stock in a report on Monday, August 26th.
Shares of NYSE RYI opened at $9.47 on Monday. The business’s 50 day moving average price is $7.51 and its 200-day moving average price is $8.32. The company has a market cap of $361.18 million, a price-to-earnings ratio of 8.85 and a beta of 1.92. Ryerson has a fifty-two week low of $5.99 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 8.94, a quick ratio of 1.06 and a current ratio of 2.46.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its holdings in Ryerson by 111.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,778 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Ryerson during the 2nd quarter worth $50,000. UBS Asset Management Americas Inc. purchased a new position in Ryerson during the 2nd quarter worth $86,000. Aperio Group LLC purchased a new position in Ryerson during the 2nd quarter worth $108,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Ryerson during the 2nd quarter worth $132,000. Institutional investors own 35.65% of the company’s stock.
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, structurals, and tubing.
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