Ryerson Holding Corp (NYSE: RYI) stock suffered a major decline of -13.2% on 5/1/24. The shares closed at $24.78. Moreover, this decline was accompanied by exceptionally high trading volume at 386% of normal. The stock has been strong relative to the market over the last nine months but has declined -21.9% during the last week.
Current PriceTarget Research Rating
RYI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Ryerson Holding has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ryerson Holding has a neutral Power Rating of 56 but a good Appreciation Score of 78, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment