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Ryerson (NYSE:RYI) has been downgraded from Overweight to Sector Weight in a report by KeyBanc today.

Yesterday Ryerson (NYSE:RYI) traded 1.13% higher at $8.80. The company’s 50-day moving average is $9.40 and its 200-day moving average is $9.69. The last stock close price is down -7.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 150,407 shares of the stock were exchanged, down from an average trading volume of 288,855

KeyBanc has downgraded Ryerson (NYSE:RYI) from Overweight to Sector Weight in a report released on Tuesday November 21, 2017.

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Ryerson (NYSE:RYI)

Ryerson has a 52 week low of $7.65 and a 52 week high of $16.85 with a P/E ratio of 22.21 The company’s market cap is currently $0.

About Ryerson (NYSE:RYI)

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. Its services include just-in-time inventory programs, production of kits containing multiple products for ease of assembly by the customer, consignment arrangements and the placement of its employees at a customer's site for inventory management, and production and technical assistance.

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