REalloys (NASDAQ:ALOY) Downgraded to “Sell” Rating by Wall Street Zen

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

Several other equities research analysts also recently issued reports on ALOY. Weiss Ratings raised REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. Needham & Company LLC cut their price objective on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Trading Up 12.9%

NASDAQ ALOY opened at $12.50 on Friday. The company has a fifty day simple moving average of $12.29 and a 200 day simple moving average of $11.98. The company has a market cap of $862.38 million, a P/E ratio of -3.96 and a beta of 1.35. REalloys has a 1 year low of $5.64 and a 1 year high of $26.90.

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

Hedge Funds Weigh In On REalloys

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new stake in REalloys in the 4th quarter valued at $741,000. Geode Capital Management LLC grew its position in REalloys by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock worth $213,000 after purchasing an additional 1,422 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in REalloys in the 2nd quarter worth $62,000. Bank of America Corp DE bought a new position in shares of REalloys during the 2nd quarter worth about $479,000. Finally, Legal & General Group Plc bought a new position in shares of REalloys during the 2nd quarter worth about $80,000. Institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.