Ryerson (NYSE:RYI) Sets New 1-Year Low – Time to Sell?

Ryerson Holding Co. (NYSE:RYI) reached a new 52-week low during trading on Thursday . The company traded as low as $17.46 and last traded at $17.67, with a volume of 306738 shares trading hands. The stock had previously closed at $18.15.

Ryerson Trading Up 3.0 %

The firm has a 50 day moving average price of $22.33 and a two-hundred day moving average price of $21.09. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $578.34 million, a price-to-earnings ratio of 29.77 and a beta of 1.59.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.26). Ryerson had a return on equity of 2.66% and a net margin of 0.46%. The firm had revenue of $1.13 billion for the quarter. During the same period last year, the firm posted $1.00 EPS.

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 4.13%. Ryerson’s payout ratio is currently 122.95%.

Insider Transactions at Ryerson

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares in the company, valued at approximately $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.88% of the company’s stock.

Institutional Investors Weigh In On Ryerson

A number of hedge funds have recently modified their holdings of RYI. Newbridge Financial Services Group Inc. bought a new stake in shares of Ryerson in the second quarter valued at $39,000. Copeland Capital Management LLC purchased a new stake in Ryerson in the 3rd quarter worth about $56,000. SG Americas Securities LLC bought a new stake in Ryerson in the 3rd quarter valued at about $108,000. Point72 DIFC Ltd lifted its holdings in Ryerson by 16.7% during the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 837 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Ryerson by 159.7% in the third quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 4,704 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.