REalloys (NASDAQ:ALOY) Issues Earnings Results

REalloys (NASDAQ:ALOY) posted its quarterly earnings data on Friday. The company reported ($0.44) earnings per share for the quarter, FiscalAI reports. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%. The company had revenue of $0.41 million during the quarter.

REalloys Trading Down 9.7%

Shares of ALOY traded down $0.61 during trading hours on Friday, hitting $5.71. 2,617,343 shares of the stock traded hands, compared to its average volume of 1,906,492. The business has a fifty day moving average of $7.69 and a 200-day moving average of $10.87. The firm has a market capitalization of $397.82 million, a PE ratio of -1.81 and a beta of 1.43. REalloys has a 1-year low of $5.45 and a 1-year high of $26.90.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of REalloys in a research report on Monday, September 14th. Needham & Company LLC lowered their price target 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. Finally, Wall Street Zen upgraded shares of REalloys from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. One research 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 company’s stock. According to MarketBeat, REalloys presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Institutional Trading of REalloys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of REalloys in the 2nd quarter valued at about $31,000. Jacobi Capital Management LLC acquired a new stake in shares of REalloys during the 3rd quarter worth approximately $25,000. State of Wyoming acquired a new stake in shares of REalloys during the 2nd quarter worth approximately $47,000. Global Retirement Partners LLC raised its stake in shares of REalloys by 8,146.7% during the third quarter. Global Retirement Partners LLC now owns 3,711 shares of the company’s stock worth $30,000 after buying an additional 3,666 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of REalloys during the second quarter worth approximately $80,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

About REalloys

REalloys Inc. is a rare earth materials company focused on producing rare earth metals and alloys used in permanent magnets and other advanced applications. Its products support industries including automotive, clean energy, electronics and defense. The company’s activities include processing rare earth materials into metal and alloy products for manufacturers. REalloys operates through Less Common Metals, a UK-based rare earth alloy producer, and is working to expand rare earth processing and production capacity in North America.