REalloys (NASDAQ:ALOY) Shares Climb 7.9% – What’s Next?

REalloys Inc (NASDAQ:ALOY)’s share price rose 7.9% during mid-day trading on Friday. The stock traded as high as $7.19 and last traded at $7.2080. Approximately 871,242 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,873,830 shares. The stock had previously closed at $6.68.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of REalloys from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. Finally, Needham & Company LLC dropped their target price on REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Trading Up 6.5%

The company has a market cap of $493.92 million, a PE ratio of -2.25 and a beta of 1.40. The firm’s 50-day simple moving average is $9.77 and its two-hundred day simple moving average is $10.63.

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

Institutional Trading of REalloys

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of REalloys by 942.0% during the third quarter. Farther Finance Advisors LLC now owns 6,252 shares of the company’s stock worth $51,000 after purchasing an additional 5,652 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in REalloys in the third quarter worth approximately $324,000. State Street Corp acquired a new stake in REalloys in the 2nd quarter valued at approximately $39,024,000. The Manufacturers Life Insurance Company purchased a new stake in shares of REalloys in the 2nd quarter valued at $216,000. Finally, Sequoia Financial Advisors LLC acquired a new position in REalloys during the 2nd quarter worth about $144,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

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.