Press coverage about Real Industry (NASDAQ:RELY) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Real Industry earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.4985362724524 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Real Industry (RELY) opened at 2.50 on Tuesday. The company’s 50 day moving average price is $2.76 and its 200-day moving average price is $3.48. Real Industry has a 52 week low of $1.90 and a 52 week high of $8.83. The company’s market capitalization is $72.18 million.
Real Industry (NASDAQ:RELY) last issued its quarterly earnings data on Wednesday, May 10th. The financial services provider reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.42) by $0.01. The business had revenue of $337.10 million during the quarter, compared to analysts’ expectations of $315.07 million. Real Industry had a negative return on equity of 53.24% and a negative net margin of 8.16%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.38) earnings per share. Analysts anticipate that Real Industry will post ($1.38) earnings per share for the current fiscal year.
Several research firms have recently issued reports on RELY. B. Riley reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Real Industry in a research note on Saturday, May 13th. Zacks Investment Research lowered Real Industry from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th.
Real Industry Company Profile
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.
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