Ryerson (RYI) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Ryerson (NYSE:RYI) from a sell rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “Ryerson Holding Corporation is a services company that processes and distributes metals. The Company, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves several industries including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. It has operations primarily in the United States, Mexico, Canada, China and Brazil. Ryerson Holding Corporation is headquartered in Chicago. “
Shares of NYSE:RYI opened at $8.77 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 2.48 and a debt-to-equity ratio of 14.84. Ryerson has a one year low of $5.99 and a one year high of $12.95. The firm has a market capitalization of $328.46 million, a price-to-earnings ratio of 8.20 and a beta of 1.99.
Ryerson Company Profile
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.
Further Reading: Return on Equity (ROE)
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