Ryerson Holding Corp (NYSE:RYI) shares reached a new 52-week low on Thursday . The stock traded as low as $7.12 and last traded at $7.50, with a volume of 4647 shares. The stock had previously closed at $7.63.

RYI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, August 9th. ValuEngine lowered shares of Ryerson from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Finally, Deutsche Bank raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.42.

The company has a current ratio of 2.45, a quick ratio of 1.06 and a debt-to-equity ratio of 12.03. The firm has a market capitalization of $285.70 million, a P/E ratio of 20.41 and a beta of 1.89.

Ryerson (NYSE:RYI) last announced its earnings results on Friday, November 2nd. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.07). The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Ryerson had a return on equity of 101.73% and a net margin of 2.60%. The business’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. As a group, equities research analysts forecast that Ryerson Holding Corp will post 1.24 EPS for the current year.

In related news, CEO Edward J. Lehner bought 4,125 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average cost of $8.10 per share, for a total transaction of $33,412.50. Following the acquisition, the chief executive officer now owns 215,439 shares of the company’s stock, valued at approximately $1,745,055.90. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired a total of 13,625 shares of company stock worth $113,158 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP raised its holdings in Ryerson by 3.9% during the 2nd quarter. GSA Capital Partners LLP now owns 130,327 shares of the basic materials company’s stock worth $1,453,000 after buying an additional 4,939 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Ryerson by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,140 shares of the basic materials company’s stock worth $559,000 after buying an additional 6,867 shares during the period. Teachers Advisors LLC raised its holdings in Ryerson by 19.5% during the 3rd quarter. Teachers Advisors LLC now owns 43,955 shares of the basic materials company’s stock worth $497,000 after buying an additional 7,184 shares during the period. Northern Trust Corp raised its holdings in Ryerson by 4.5% during the 2nd quarter. Northern Trust Corp now owns 179,293 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 7,639 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Ryerson by 59.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock worth $237,000 after buying an additional 7,850 shares during the period. Hedge funds and other institutional investors own 36.83% of the company’s stock.

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About Ryerson (NYSE:RYI)

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.

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