On 8/1/24, Ryerson Holding Corp (NYSE: RYI) stock suffered a major decline of -11.8%, closing at $20.99. Moreover, this decline was accompanied by above average trading volume at 131% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -11.8% 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 D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ryerson Holding has a good Appreciation Score of 77 but a very low Power Rating of 3, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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