Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ryerson Holding Corp before investing.

In this article, we go over a few key elements for understanding Ryerson Holding Corp’s stock price such as:

• Ryerson Holding Corp’s current stock price and volume
• Why Ryerson Holding Corp’s stock price changed recently
• Upgrades and downgrades for RYI from analysts
• RYI’s stock price momentum as measured by its relative strength

About Ryerson Holding Corp (RYI)

Before we jump into Ryerson Holding Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Ryerson Holding Corporation is a processor and distributor of industrial metals. The Company operates through the metals service centers segment. It purchases metal products from primary producers and sells these materials in smaller quantities to a range of metal-consuming industries. It carries a line of approximately 75,000 products in stainless steel, aluminum, carbon steel, and alloy steels and a line of nickel and red metals in various shapes and forms. Its materials are stocked in a number of shapes, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural and tubing. It also offers a range of processing and fabrication services. In addition to its North American operations, it conducts materials processing and distribution operations in China. It has approximately 96 facilities in North America and over four facilities in China. It also provides stamping, machining, painting, and additional value-added fabrication services for industries.

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Ryerson Holding Corp’s Stock Price as of Market Close

As of February 22, 2024, 4:00 PM, CST, Ryerson Holding Corp’s stock price was $32.21.

Ryerson Holding Corp is down 8.49% from its previous closing price of $35.20.

During the last market session, Ryerson Holding Corp’s stock traded between $34.14 and $35.28. Currently, there are 34.35 million shares of Ryerson Holding Corp stock available for purchase.

Ryerson Holding Corp’s price-earnings (P/E) ratio is currently at 13.1, which is low compared to the Metals & Mining - Iron & Steel industry median of 13.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Ryerson Holding Corp Stock Price History

Ryerson Holding Corp’s (RYI) price is currently down 6.15% so far this month.

During the month of February, Ryerson Holding Corp’s stock price has reached a high of $36.15 and a low of $31.15.

Over the last year, Ryerson Holding Corp has hit prices as high as $44.70 and as low as $26.15. Year to date, Ryerson Holding Corp’s stock is up 6.44%.

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What Caused Ryerson Holding Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 21, 2024, there was 1 analyst who downgraded Ryerson Holding Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Ryerson Holding Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ryerson Holding Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ryerson Holding Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ryerson Holding Corp (RYI) by visiting AAII Stock Evaluator.

Relative Price Strength of Ryerson Holding Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 21, 2024, Ryerson Holding Corp has a weighted four-quarter relative price strength of -3.96%, which translates to a Momentum Score of 57 and is considered to be Average.

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Ryerson Holding Corp Stock Price: Bottom Line

As of February 22, 2024, Ryerson Holding Corp’s stock price is $32.21, which is down 8.49% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ryerson Holding Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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