28-Mar-2024
No headlines found.
Ryerson Reports Fourth Quarter and Full Year 2023 Results
PRNewswire (Wed, 21-Feb 7:14 PM ET)
PRNewswire (Thu, 25-Jan 5:00 PM ET)
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada, and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminum, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.
Ryerson Holding trades on the NYSE stock market under the symbol RYI.
As of March 28, 2024, RYI stock price climbed to $33.50 with 420,954 million shares trading.
RYI has a beta of 1.99, meaning it tends to be more sensitive to market movements. RYI has a correlation of 0.24 to the broad based SPY ETF.
RYI has a market cap of $1.14 billion. This is considered a Small Cap stock.
Last quarter Ryerson Holding reported $1 billion in Revenue and $.73 earnings per share. This fell short of revenue expectation by $-8 million and exceeded earnings estimates by $.47.
In the last 3 years, RYI stock traded as high as $44.70 and as low as $13.39.
The top ETF exchange traded funds that RYI belongs to (by Net Assets): VTI, IWM, AVUV, PAVE, XME.
RYI has underperformed the market in the last year with a return of -4.6%, while the SPY ETF gained +33.6%. In the last 3 month period, RYI fell short of the market, returning -5.7%, while SPY returned +10.1%. However, in the most recent 2 weeks RYI has outperformed the stock market by returning +7.1%, while SPY returned +1.7%.
RYI support price is $32.15 and resistance is $33.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RYI stock will trade within this expected range on the day.