Revenue Update on Real Industry Inc(NASDAQ:RELY)

Real Industry Inc(NASDAQ:RELY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $320.90M. Analysts estimated a revenue of $323.39M. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.13.

Real Industry Inc (RELY) remained unchanged at the close of Wednesday session. Even as the volume increased to 63,659 ,the shares failed to make any impression and ended at 0 points or 0.00% at $7.99. The trading session commenced at $7.98 and the stock hit a high of $8.19 and touched $7.95 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $11.494 and the 52-week low is $5.3. The company has a market cap of $234 M and has approximately 2,92,61,586 outstanding shares.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Craig T Bouchard (CEO) purchased 15,000 shares at $6.86 per share price.Also, On Feb 9, 2016, Kyle Ross (Executive VP & CFO) sold 3,220 shares at $6.06 per share price.

Real Industry Inc. formerly Signature Group Holdings Inc. (Signature) is a holding company. The Company seeks to invest its capital in businesses concentrated in the United States industrial and commercial marketplace. The Company’s is experienced in acquiring building and managing businesses. It has capital resources and also maintains federal net operating loss tax carryforwards.

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