REalloys (NASDAQ:ALOY) Stock Price Down 9.7% – What’s Next?

Shares of REalloys Inc (NASDAQ:ALOY) were down 9.7% during trading on Friday. The stock traded as low as $5.45 and last traded at $5.71. 2,617,451 shares were traded during mid-day trading, an increase of 37% from the average session volume of 1,906,492 shares. The stock had previously closed at $6.32.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ALOY shares. Weiss Ratings restated a “sell (d-)” rating on shares of REalloys in a research note on Monday, September 14th. Needham & Company LLC reduced their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of REalloys from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Price Performance

The firm has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $10.87. The company has a market cap of $396.42 million, a price-to-earnings ratio of -1.80 and a beta of 1.43.

REalloys (NASDAQ:ALOY) last released its quarterly earnings results on Friday, November 13th. The company reported ($0.44) 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 $0.41 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALOY. Schulhoff & Co. Inc. bought a new position in shares of REalloys in the third quarter worth about $119,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in REalloys during the 3rd quarter valued at approximately $32,238,000. State Street Corp boosted its stake in REalloys by 44.5% during the 3rd quarter. State Street Corp now owns 3,901,240 shares of the company’s stock valued at $31,873,000 after purchasing an additional 1,200,620 shares during the period. Private Advisor Group LLC bought a new stake in REalloys during the 3rd quarter valued at approximately $709,000. Finally, Bogart Wealth LLC grew its holdings in REalloys by 243.9% in the 3rd quarter. Bogart Wealth LLC now owns 21,185 shares of the company’s stock valued at $173,000 after buying an additional 15,024 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

About REalloys

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company’s activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.