B. Riley Reiterates Buy Rating for Real Industry (RELY)

Real Industry (NASDAQ:RELY)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a report released on Monday, November 20th. They presently have a $5.00 price target on the financial services provider’s stock.

Separately, Zacks Investment Research raised shares of Real Industry from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th.

Real Industry (NASDAQ RELY) traded down $0.08 during midday trading on Monday, hitting $0.43. 1,446,300 shares of the stock were exchanged, compared to its average volume of 438,339. Real Industry has a 52 week low of $0.23 and a 52 week high of $6.70. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of -0.30.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Leisure Capital Management grew its holdings in Real Industry by 80.7% in the third quarter. Leisure Capital Management now owns 67,169 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 30,005 shares during the period. Virtu KCG Holdings LLC grew its holdings in Real Industry by 74.2% in the second quarter. Virtu KCG Holdings LLC now owns 53,160 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 22,646 shares during the period. LMR Partners LLP purchased a new stake in Real Industry in the second quarter worth about $239,000. Bank of New York Mellon Corp grew its holdings in Real Industry by 19.6% in the first quarter. Bank of New York Mellon Corp now owns 89,852 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 14,747 shares during the period. Finally, GMT Capital Corp bought a new position in shares of Real Industry in the third quarter worth approximately $262,000. Institutional investors own 54.13% of the company’s stock.

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About Real Industry

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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