REalloys (NASDAQ:ALOY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of REalloys (NASDAQ:ALOY) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

ALOY has been the subject of a number of other reports. Needham & Company LLC decreased their target price on REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of REalloys in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

REalloys Price Performance

Shares of NASDAQ ALOY opened at $6.85 on Friday. The company’s 50 day simple moving average is $7.91 and its 200 day simple moving average is $10.97. The firm has a market capitalization of $477.24 million, a P/E ratio of -2.17 and a beta of 1.43. REalloys has a fifty-two week low of $5.72 and a fifty-two week high of $26.90.

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

Institutional Investors Weigh In On REalloys

A number of large investors have recently bought and sold shares of ALOY. Integrated Wealth Concepts LLC acquired a new position in shares of REalloys in the 2nd quarter valued at approximately $31,000. Jacobi Capital Management LLC bought a new stake in REalloys during the third quarter worth $25,000. State of Wyoming acquired a new stake in REalloys in the second quarter valued at about $47,000. Legal & General Group Plc acquired a new stake in shares of REalloys in the 2nd quarter valued at approximately $80,000. Finally, Farther Finance Advisors LLC grew its stake in shares of REalloys by 942.0% during the third quarter. Farther Finance Advisors LLC now owns 6,252 shares of the company’s stock worth $51,000 after buying an additional 5,652 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

About REalloys

REalloys, Inc is a U.S.-based materials company focused on the production of rare earth and other specialty alloys. Its products are intended for use in permanent magnets and other advanced manufacturing applications that require specialized metallic materials.

The company’s activities center on processing and combining rare earth elements with other metals to produce alloy materials, including alloys used in neodymium-iron-boron permanent magnets. These materials support applications across industries such as electric vehicles, renewable energy, electronics, defense and industrial equipment.

REalloys serves the growing market for domestically produced critical materials and is associated with the broader effort to strengthen North American supply chains for rare earth elements and magnet manufacturing.