Shares last traded at $9.55 which is quite a bit higher than the 50 day moving average which is $8.45 and which is a tad under the 200 day moving average of $9.90. The 50 day moving average was up $1.10 or +12.96% and the 200 day average went down by -3.53%. Trading volume for Ryerson Holding Corporation was 218K on Wednesday. Volume was up 77.25% over the stocks average daily volume.
Investors are feeling more bullish lately considering the downtick in short interest. The company saw a fall in short interest from August 15, 2017 to August 31, 2017 of -9.98%. Short interest decreased from 1,004,230 to 903,991 over that timeframe. The days to cover increased to 4.0 and the percentage of shorted shares was 0.03% on August 31.
Here are a few substantial investment firms who have updated their positions. Cubist Systematic Strategies, LLC divested its holdings by selling 5,853 shares a decrease of 32.7% in the quarter. Cubist Systematic Strategies, LLC now holds 12,070 shares worth $119,000. The value of the position overall is down by 47.3%. As of the end of the quarter Point72 Asia (hong Kong) Ltd had bought a total of 6,397 shares growing its holdings by 1,026.8%. The value of the company’s investment in Ryerson Holding Corporation went from $8,000 to $69,000 increasing 762.5% since the last quarter.
Two Sigma Advisers, Lp downsized its investment by shedding 110,144 shares a decrease of 37.2% from 03/31/2017 to 06/30/2017. Two Sigma Advisers, Lp controls 185,862 shares valued at $1,840,000. The total value of its holdings decreased 50.7%. As of quarter end Secor Capital Advisors, Lp had disposed of 24,709 shares trimming its stake by 26.4%. The value of the total investment in Ryerson Holding Corporation decreased from $1,178,000 to $681,000 a change of $497,000 for the reporting period.
The company currently has a P/E ratio of 23.70 and the market value is 355.03M. In the last earnings report the EPS was $0.40 and is expected to be $1.04 for the current year with 37,176,000 shares currently outstanding. Next quarter’s EPS is expected be $0.24 and the next full year EPS is anticipated to be $1.45.
Ryerson Holding Corporation (Ryerson Holding), launched on July 16, 2007, is a service center company for carbon and stainless steel, as well as aluminum. The Company carried a line of over 65,000 products in stainless steel, aluminum, carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms, as of December 31, 2016. It 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. It owns, leases or contracts a fleet of tractors and trailers..