Ryerson Holding Corp (NYSE: RYI) stock enjoyed a major increase of 10.3% on 7/11/24. The shares closed at $20.86. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 8.3% during the last week.
Current PriceTarget Research Rating
RYI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ryerson Holding has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ryerson Holding has a good Appreciation Score of 82 but a very low Power Rating of 6, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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