Ryerson (RYI) Earns Daily Coverage Optimism Score of 0.07

News articles about Ryerson (NYSE:RYI) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ryerson earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.2905596422377 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Ryerson (RYI) opened at $8.85 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of -70.93. Ryerson has a fifty-two week low of $7.65 and a fifty-two week high of $16.00. The stock has a market cap of $338.60, a P/E ratio of 32.50 and a beta of 2.07.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $864.20 million during the quarter, compared to analyst estimates of $853.35 million. Ryerson had a net margin of 0.26% and a negative return on equity of 33.95%. Ryerson’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. sell-side analysts forecast that Ryerson will post 0.55 earnings per share for the current year.

Several brokerages have recently weighed in on RYI. Jefferies Group reissued a “hold” rating and issued a $9.25 price objective on shares of Ryerson in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Ryerson from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. KeyCorp reaffirmed a “buy” rating and set a $13.50 price target on shares of Ryerson in a research report on Tuesday, September 19th. Finally, BMO Capital Markets reduced their price target on shares of Ryerson to $10.00 and set a “market perform” rating on the stock in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Ryerson has a consensus rating of “Hold” and an average target price of $11.08.

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About Ryerson

Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.

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