Ryerson (NYSE:RYZ) Shares Gap Down – What’s Next?

Shares of Ryerson Holding (NYSE:RYZ) gapped down prior to trading on Tuesday . The stock had previously closed at $28.11, but opened at $26.36. Ryerson shares last traded at $25.36, with a volume of 61,200 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RYZ. Zacks Research downgraded Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Ryerson has a consensus rating of “Sell”.

Ryerson Trading Up 2.5%

The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -22.29 and a beta of 1.65. The stock has a 50 day moving average price of $27.81.

Ryerson (NYSE:RYZ) last announced its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.40 by $0.12. The company had revenue of $2.01 billion for the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, equities research analysts anticipate that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 annualized dividend and a yield of 2.7%. Ryerson’s payout ratio is currently -60.48%.

Insiders Place Their Bets

In other news, EVP Mark S. Silver sold 11,174 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $27.91, for a total transaction of $311,866.34. Following the completion of the sale, the executive vice president directly owned 120,181 shares in the company, valued at approximately $3,354,251.71. This represents a 8.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Molly D. Kannan sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the transaction, the chief accounting officer owned 24,636 shares in the company, valued at $739,080. The trade was a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,174 shares of company stock valued at $508,576. Corporate insiders own 6.58% of the company’s stock.

Ryerson Company Profile

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.