Ryerson (NYSE:RYZ) Shares Gap Down – Here’s Why

Ryerson Holding (NYSE:RYZ) shares gapped down prior to trading on Tuesday . The stock had previously closed at $28.11, but opened at $26.36. Ryerson shares last traded at $25.36, with a volume of 61,200 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on RYZ. Zacks Research downgraded shares of Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Sell”.

Ryerson Stock Performance

The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -21.54 and a beta of 1.65. The business’s 50-day simple moving average is $27.82.

Ryerson (NYSE:RYZ) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. Ryerson had a negative return on equity of 0.62% and a negative net margin of 0.56%.The company had revenue of $2.01 billion for the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. On average, analysts expect that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Ryerson’s dividend payout ratio is -60.48%.

Insiders Place Their Bets

In other Ryerson news, EVP Mark S. Silver sold 11,174 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $27.91, for a total value of $311,866.34. Following the sale, the executive vice president directly owned 120,181 shares of the company’s stock, valued at approximately $3,354,251.71. The trade was a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Molly D. Kannan sold 3,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.42, for a total transaction of $85,260.00. Following the sale, the chief accounting officer directly owned 25,636 shares in the company, valued at $728,575.12. This trade represents a 10.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,174 shares of company stock valued at $508,576 in the last quarter. 6.58% of the stock is owned by company insiders.

About Ryerson

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.