Ryerson (NYSE:RYI) Hits New 52-Week Low – Should You Sell?

Ryerson Holding Co. (NYSE:RYI) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $17.57 and last traded at $17.65, with a volume of 51894 shares. The stock had previously closed at $17.80.

Ryerson Stock Down 0.4 %

The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $564.33 million, a price-to-earnings ratio of 29.05 and a beta of 1.54. The business’s fifty day moving average price is $22.82 and its 200 day moving average price is $21.18.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). Ryerson had a return on equity of 2.66% and a net margin of 0.46%. The firm had revenue of $1.13 billion for the quarter. During the same quarter last year, the business posted $1.00 EPS.

Ryerson Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 4.23%. Ryerson’s dividend payout ratio (DPR) is 122.95%.

Insider Activity

In other news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the transaction, the executive vice president now directly owns 107,664 shares in the company, valued at approximately $2,644,227.84. This represents a 7.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.88% of the company’s stock.

Institutional Trading of Ryerson

Several institutional investors and hedge funds have recently bought and sold shares of RYI. Point72 DIFC Ltd lifted its holdings in shares of Ryerson by 16.7% in the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 837 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ryerson by 7.9% in the 2nd quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 1,003 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ryerson by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 1,157 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Ryerson in the 2nd quarter worth about $39,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 2,259 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ryerson

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