REalloys (NASDAQ:ALOY) Shares Gap Up – Time to Buy?

Shares of REalloys Inc (NASDAQ:ALOY) gapped up prior to trading on Monday . The stock had previously closed at $8.26, but opened at $8.80. REalloys shares last traded at $8.8290, with a volume of 872,832 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Needham & Company LLC reduced their price target on REalloys from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen raised REalloys from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, REalloys presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Stock Up 9.8%

The company’s fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $11.54. The company has a market capitalization of $629.49 million, a price-to-earnings ratio of -2.84 and a beta of 1.37.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of REalloys in the second quarter worth about $61,089,000. Bank of New York Mellon Corp bought a new position in shares of REalloys during the 2nd quarter valued at about $2,294,000. Dayah Capital LLC bought a new position in shares of REalloys during the 2nd quarter valued at about $1,288,000. Legacy Wealth Managment LLC ID acquired a new position in shares of REalloys in the 2nd quarter valued at approximately $4,987,000. Finally, Deutsche Bank AG acquired a new position in shares of REalloys in the 2nd quarter valued at approximately $818,000. 3.58% of the stock is owned by institutional investors and hedge funds.

REalloys Company Profile

REalloys, Inc (NASDAQ: ALOY) is a materials company focused on the production of rare-earth alloys and related advanced materials. Its products are intended to serve as feedstock for high-performance permanent magnets and other applications that require specialized magnetic and metallurgical properties.

The company’s activities are associated with the growing demand for rare-earth materials used in electric vehicles, renewable-energy equipment, consumer electronics, industrial systems, aerospace and defense technologies.