REalloys (NASDAQ:ALOY) Stock Jumps 5.7% – Should You Buy?

REalloys Inc (NASDAQ:ALOY) shares were up 5.7% on Wednesday. The company traded as high as $8.32 and last traded at $8.4560. 183,576 shares were traded during trading, a decline of 90% from the average daily volume of 1,879,173 shares. The stock had previously closed at $8.00.

Analyst Ratings Changes

ALOY has been the subject of a number of analyst reports. Needham & Company LLC lowered their target price on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of REalloys in a research note on Monday, September 14th. Finally, Wall Street Zen upgraded REalloys from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Trading Up 4.4%

The company has a 50 day moving average of $10.05 and a 200 day moving average of $11.01. The firm has a market cap of $579.65 million, a price-to-earnings ratio of -2.64 and a beta of 1.37.

REalloys (NASDAQ:ALOY) last posted its earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%. The business had revenue of $0.80 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in REalloys during the 2nd quarter worth about $61,089,000. State Street Corp bought a new stake in shares of REalloys in the second quarter valued at about $39,024,000. Legacy Wealth Managment LLC ID bought a new stake in shares of REalloys in the second quarter valued at about $4,987,000. Bank of New York Mellon Corp acquired a new position in shares of REalloys during the second quarter worth about $2,294,000. Finally, Dayah Capital LLC acquired a new position in shares of REalloys during the second quarter worth about $1,288,000. Institutional investors own 3.58% of the company’s stock.

REalloys Company Profile

REalloys, Inc (NASDAQ: ALOY) is a materials company focused on the production of rare-earth alloys and related advanced materials. Its products are intended to serve as feedstock for high-performance permanent magnets and other applications that require specialized magnetic and metallurgical properties.

The company’s activities are associated with the growing demand for rare-earth materials used in electric vehicles, renewable-energy equipment, consumer electronics, industrial systems, aerospace and defense technologies.