Stock of the Day: Can Real Industry Inc’s Tomorrow be Different? The Stock Just Broke Its 1 Year Low

Stock of the Day: Can Real Industry Inc's Tomorrow be Different? The Stock Just Broke Its 1 Year Low

The stock of Real Industry Inc (NASDAQ:RELY) hit a new 52-week low and has $4.79 target or 11.00% below today’s $5.38 share price. The 6 months bearish chart indicates high risk for the $157.28M company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $4.79 price target is reached, the company will be worth $17.30 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 41,236 shares traded hands. Real Industry Inc (NASDAQ:RELY) has declined 38.01% since April 5, 2016 and is downtrending. It has underperformed by 39.96% the S&P500.

Analysts await Real Industry Inc (NASDAQ:RELY) to report earnings on November, 14. They expect $-0.09 earnings per share, down 325.00% or $0.13 from last year’s $0.04 per share. After $-0.08 actual earnings per share reported by Real Industry Inc for the previous quarter, Wall Street now forecasts 12.50% negative EPS growth.

According to Zacks Investment Research, “Real Industry, Inc. is a holding company which invests in businesses primarily in the United States industrial and commercial marketplace. Real Industry Inc., formerly known as Signature Group Holdings, Inc., is based in Sherman Oaks, United States.”

More recent Real Industry Inc (NASDAQ:RELY) news were published by: Businesswire.com which released: “Real Industry Announces At-the-Market Equity Offering Program” on June 25, 2015. Also Businesswire.com published the news titled: “Real Industry Subsidiary Acquires Assets of Beck Aluminum Alloys and Minority …” on November 01, 2016. Prnewswire.com‘s news article titled: “Craig Bouchard Resigns From Board Of Directors Of Real Industry Inc.” with publication date: August 23, 2016 was also an interesting one.

RELY Company Profile

Real Industry, Inc., incorporated on October 27, 2013, is a holding company. The Firm focuses on the activities of Real Alloy Holding, Inc. (Real Alloy), which is engaged in aluminum recycling. The Company’s divisions 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 activities primarily convert aluminum scrap, dross and other alloying agents, and deliver the recycled metal in ingot or molten form to clients from approximately six facilities located in Germany, Norway and Wales. Real Alloy’s aluminum recycling activities 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 services and products to wrought alloy processors, automotive original equipment manufacturers, foundries and casters. The RANA segment’s facilities are located in Steele, Alabama; Post Falls, Idaho; Morgantown, Kentucky; Elyria, Ohio; Loudon, Tennessee, and Monclova, Mexico, among others. The RAEU segment’s facilities are located in Deizisau, Germany; Raudsand, Norway; Romsdal, Norway, and Swansea, Wales, among others.

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