Ryerson Holding Corporation (RYI): Look at its Technical Analysis


Ryerson Holding Corporation (NYSE:RYI) changes shares on Friday trading session, with a change of -2.52% or -$0.15 shares. The trading starts at $6.02 and closed at $5.96 throughout the day. The trading session low price was $5.78 and day high was $6.11 on Friday, June 19. After the session, the Industrials sector daily volume shifted to 0.18 million while its average volume is 220.73K. In other hand, the RYI market cap reached to $205.56M. While, its current target price is $5.81 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.57% and up 32.65% for month. Its quarterly performance was 28.26% above, while its half year performance is down -51.58%. RYI yearly performance stood at negative -22.84% and fall -50.89% for year-to-date. Current recommendation for Ryerson Holding Corporation is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. RYI EPS (TTM) for 12-month is 1.82. EPS for this year is -22.90%, while for the next year its value is 0.79. Sales growth for the current quarter is 10.30 while its EPS Q/Q reached -45.00%. It has an EPS of 32.90% up for past five years and for the next five years will be up 0.31%.

Let’s take a look on the analyst recommendations on RYI for the current month and previous month. For the current month, 0 of 4 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $6.00-$6.00. Average target price for RYI was reached at $6.00.

Platinum Equity Advisors, LLC/DE, Blackrock Inc. and Towle & Company are the top three holders in Ryerson Holding Corporation (RYI) stock. On Mar 30, 2020, Platinum Equity Advisors, LLC/DE has 21.04 million shares which valued 111.92 million. On Mar 30, 2020, Blackrock Inc. owned 1.79 million shares which valued at 9.54 million. On Mar 30, 2020, Towle & Company has a total of 1.75 million shares which valued at 9.3 million. In the end, Towle & Company have 4.59% shares outstanding of Ryerson Holding Corporation (RYI) on Mar 30, 2020. The insider ownership moved to 2.30% and institutional holding shifted to 92.60%.

The company posted an EPS (TTM) of 1.82. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.13, while 0.45 EPS posted a year ago period. Analyst Estimated EPS for RYI published in the report was -0.26-0.04 during the same period. Comparing with last year, the average estimated EPS was 0.45 which is higher than 0.41 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for RYI fall -27.80% for period of 200 days. SMA for 50 days was 18.33% which is showing green signal, while SMA-20 was 2.23%. The moving average value for Ryerson Holding Corporation (RYI) is 7.64 and 5.15 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in RYI stock. On May 13, Larson Stephen P., Director, bought 15,000 trading shares at the cost of $4.28, which valued at 64200.0. On May 12, Larson Stephen P., Director, bought 10,000 shares at the cost of $4.35, with total shares of 50,000. On May 08, Lehner Edward J., President & CEO, bought 1,829 shares at the cost of 4.60. After this transaction, Lehner Edward J. total shares reached to 395,379 which valued at 8413.0.