Real Industry Inc (NASDAQ:RELY) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded Real Industry Inc (NASDAQ:RELY) to Sell in a statement released on 10/11/2016.
On Wednesday March 16, 2016, Craig Hallum released a statement on Real Industry Inc (NASDAQ:RELY) bumped down the target price from $15.00 to $12.00 that suggested an upside of 0.58%.
Boasting a price of $5.93, Real Industry Inc (NASDAQ:RELY) traded -0.42% lower on the day. With the last close down -22.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. RELY has recorded a 50-day moving average of $6.41 and a 200-day moving average of $7.65. 4,968 shares of RELY traded hands, down from an average trading volume of 165,777
Recent Performance Chart
Real Industry Inc has 52 week low of $5.30 and a 52 week high of $10.80 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $13.30 with 0 firms rating the stock a strong buy, 3 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis About Real Industry Inc (NASDAQ:RELY)
Real Industry, Inc. is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc. (Real Alloy), which is engaged in aluminum recycling. The Company's segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico. The RAEU segment's operations primarily convert aluminum scrap, dross and other alloying agents, and deliver the recycled metal in ingot or molten form to customers from approximately six facilities located in Germany, Norway and Wales. Real Alloy's aluminum recycling operations include the processing of scrap aluminum and by-products, and the manufacturing of wrought, cast, and specification or foundry alloys. Real Alloy offers a range of products and services to wrought alloy processors, automotive original equipment manufacturers, foundries and casters.
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