Ryerson (NYSE:RYI) Stock Passes Above 50 Day Moving Average - Here's Why

Shares of Ryerson Holding Corporation (NYSE:RYI - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.46 and traded as high as $26.39. Ryerson shares last traded at $25.9080, with a volume of 469,360 shares trading hands.Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Ryerson in a research note on Monday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $25.00.Check Out Our Latest Analysis on RYIRyerson Price PerformanceThe company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98. The company has a market capitalization of $834.50 million, a P/E ratio of -36.49 and a beta of 1.65. The firm's fifty day moving average is $22.46 and its 200 day moving average is $22.34. Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.49). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Ryerson had a negative return on equity of 2.73% and a negative net margin of 0.51%.Ryerson has set its Q4 2025 guidance at -0.280--0.220 EPS. As a group, analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year. Ryerson Announces DividendThe firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, December 4th. Ryerson's dividend payout ratio is -105.63%. Institutional Trading of RyersonLarge investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in Ryerson in the 3rd quarter worth about $30,000. CWM LLC grew its stake in Ryerson by 97.7% in the 2nd quarter. CWM LLC now owns 1,866 shares of the basic materials company's stock worth $40,000 after acquiring an additional 922 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Ryerson during the third quarter worth approximately $56,000. AlphaQuest LLC increased its position in shares of Ryerson by 259,800.0% during the third quarter. AlphaQuest LLC now owns 2,599 shares of the basic materials company's stock worth $59,000 after acquiring an additional 2,598 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Ryerson by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,936 shares of the basic materials company's stock valued at $85,000 after acquiring an additional 2,405 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors. About Ryerson (Get Free Report)Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.Read MoreFive stocks we like better than RyersonCD Calculator: Certificate of Deposit Calculator Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500Compound Interest and Why It Matters When InvestingForget the Chips: 4 Industrial Plays for the AI ReboundBest Energy Stocks - Energy Stocks to Buy NowMongoDB Could Hit Record Highs—But You’ll Need to Move FastThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ryerson Right Now?Before you consider Ryerson, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryerson wasn't on the list.While Ryerson currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here