Real Industry, Inc. (RELY) Sets New 52-Week Low at $0.60
Real Industry, Inc. (NASDAQ:RELY) shares reached a new 52-week low during trading on Friday . The company traded as low as $0.60 and last traded at $0.60, with a volume of 12424571 shares trading hands. The stock had previously closed at $1.70.
RELY has been the topic of a number of recent research reports. B. Riley restated a “buy” rating and issued a $5.00 price objective on shares of Real Industry in a research note on Thursday. Zacks Investment Research lowered shares of Real Industry from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
The company has a debt-to-equity ratio of 17.43, a current ratio of 1.75 and a quick ratio of 1.08.
Institutional investors have recently modified their holdings of the company. Leisure Capital Management increased its stake in shares of Real Industry by 80.7% during the third quarter. Leisure Capital Management now owns 67,169 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 30,005 shares during the period. Virtu KCG Holdings LLC increased its stake in shares of Real Industry by 74.2% during the second quarter. Virtu KCG Holdings LLC now owns 53,160 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 22,646 shares during the period. LMR Partners LLP acquired a new position in shares of Real Industry during the second quarter worth about $239,000. Bank of New York Mellon Corp increased its stake in shares of Real Industry by 19.6% during the first quarter. Bank of New York Mellon Corp now owns 89,852 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 14,747 shares during the period. Finally, GMT Capital Corp acquired a new position in shares of Real Industry during the third quarter worth about $262,000. Institutional investors and hedge funds own 58.27% of the company’s stock.
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Real Industry Company Profile
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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