Ryerson (NYSE:RYZ) Downgraded to Strong Sell Rating by Zacks Research

Ryerson (NYSE:RYZ) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. KeyCorp initiated coverage on Ryerson in a report on Wednesday, March 25th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Ryerson presently has a consensus rating of “Sell”.

Ryerson Trading Down 0.0%

Shares of NYSE RYZ opened at $27.75 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.21 and a quick ratio of 1.03. Ryerson has a 12 month low of $19.34 and a 12 month high of $30.90. The business’s 50 day simple moving average is $26.97. The company has a market cap of $1.44 billion, a P/E ratio of -18.75 and a beta of 1.63.

Ryerson (NYSE:RYZ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $1.57 billion during the quarter. Ryerson had a negative return on equity of 3.43% and a negative net margin of 0.93%.Ryerson has set its Q2 2026 guidance at 0.380-0.420 EPS. Analysts predict that Ryerson will post 1.1 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mark S. Silver sold 11,174 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.91, for a total transaction of $311,866.34. Following the transaction, the executive vice president owned 120,181 shares of the company’s stock, valued at $3,354,251.71. This represents a 8.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Molly D. Kannan sold 3,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.42, for a total value of $85,260.00. Following the completion of the sale, the chief accounting officer directly owned 25,636 shares of the company’s stock, valued at $728,575.12. The trade was a 10.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,674 shares of company stock worth $492,576 in the last quarter. Company insiders own 6.58% of the company’s stock.

Ryerson Company Profile

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.