REalloys (NASDAQ:ALOY) Shares Down 9.3% – Should You Sell?

REalloys Inc (NASDAQ:ALOY)’s share price traded down 9.3% on Tuesday. The stock traded as low as $6.15 and last traded at $6.21. 2,007,377 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 1,904,533 shares. The stock had previously closed at $6.85.

Wall Street Analysts Forecast Growth

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

REalloys Stock Down 9.3%

The company has a market capitalization of $432.65 million, a price-to-earnings ratio of -1.97 and a beta of 1.43. The stock has a fifty day moving average price of $7.91 and a two-hundred day moving average price of $10.97.

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

Institutional Trading of REalloys

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in REalloys in the 2nd quarter worth about $31,000. Jacobi Capital Management LLC acquired a new position in shares of REalloys during the 3rd quarter valued at about $25,000. State of Wyoming acquired a new position in shares of REalloys during the 2nd quarter valued at about $47,000. Global Retirement Partners LLC increased its stake in shares of REalloys by 8,146.7% during the 3rd quarter. Global Retirement Partners LLC now owns 3,711 shares of the company’s stock valued at $30,000 after acquiring an additional 3,666 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of REalloys during the 2nd quarter worth about $80,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.