Zacks Investment Research lowered shares of Ryerson (NYSE:RYI) from a hold rating to a strong sell rating in a report issued on Wednesday.

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. “

Several other analysts have also recently weighed in on the company. ValuEngine raised Ryerson from a strong sell rating to a sell rating in a report on Monday, October 8th. Deutsche Bank raised Ryerson from a hold rating to a buy rating and set a $12.00 price objective for the company in a report on Monday, November 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $11.42.

Ryerson stock opened at $7.49 on Wednesday. The company has a debt-to-equity ratio of 12.03, a current ratio of 2.45 and a quick ratio of 1.06. Ryerson has a 12-month low of $7.53 and a 12-month high of $12.95. The stock has a market capitalization of $285.70 million, a P/E ratio of 20.24 and a beta of 1.89.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.07). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. Ryerson had a return on equity of 101.73% and a net margin of 2.60%. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, sell-side analysts predict that Ryerson will post 1.24 EPS for the current fiscal year.

In other news, CEO Edward J. Lehner acquired 4,125 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average cost of $8.10 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 13,625 shares of company stock valued at $113,158 over the last three months. Company insiders own 1.10% of the company’s stock.

Large investors have recently made changes to their positions in the business. Martingale Asset Management L P bought a new stake in Ryerson during the 2nd quarter worth about $151,000. Jefferies Group LLC bought a new stake in Ryerson during the 3rd quarter worth about $162,000. Wakefield Asset Management LLLP bought a new stake in Ryerson during the 3rd quarter worth about $222,000. O Shaughnessy Asset Management LLC increased its stake in shares of Ryerson by 59.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 7,850 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Ryerson in the 2nd quarter valued at about $271,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

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.

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