REalloys (NASDAQ:ALOY) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen cut shares of REalloys (NASDAQ:ALOY) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Several other research firms have also weighed in on ALOY. Weiss Ratings reiterated a “sell (d-)” rating on shares of REalloys in a research note on Monday, September 14th. Needham & Company LLC reduced their price target on shares of REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.00.

REalloys Stock Up 0.1%

Shares of NASDAQ ALOY opened at $8.12 on Friday. The stock’s 50 day moving average price is $10.08 and its two-hundred day moving average price is $10.92. REalloys has a 52-week low of $5.95 and a 52-week high of $26.90. The stock has a market capitalization of $563.69 million, a P/E ratio of -2.57 and a beta of 1.40.

REalloys (NASDAQ:ALOY) last issued its earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.The firm had revenue of $0.80 million during the quarter.

Institutional Investors Weigh In On REalloys

Several large investors have recently added to or reduced their stakes in ALOY. Integrated Wealth Concepts LLC bought a new stake in REalloys in the second quarter valued at $31,000. State of Wyoming bought a new position in shares of REalloys during the second quarter worth about $47,000. Legal & General Group Plc acquired a new stake in shares of REalloys in the 2nd quarter worth about $80,000. Quantbot Technologies LP acquired a new stake in shares of REalloys in the 2nd quarter worth about $132,000. Finally, Sequoia Financial Advisors LLC bought a new stake in REalloys in the 2nd quarter valued at about $144,000. 3.58% of the stock is owned by institutional investors and hedge funds.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on producing rare earth alloys used in the manufacture of permanent magnets and other advanced industrial applications. Its activities are centered on processing and converting rare earth elements into commercially useful alloy products for customers in the technology, automotive, energy, defense and industrial sectors.

The company’s product focus includes neodymium-iron-boron (NdFeB) alloys, which are key inputs for high-performance permanent magnets used in electric motors, wind turbines, consumer electronics and other equipment.