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Schnitzer Steel Industries ( (RDUS) ) just unveiled an update.
On March 13, 2025, Radius Recycling, Inc., Toyota Tsusho America, Inc., and TAI Merger Corporation entered into a merger agreement, with Radius set to become a wholly owned subsidiary of Toyota Tsusho America. The merger received all necessary regulatory approvals, including from the Committee on Foreign Investment in the United States, and is expected to close on July 10, 2025.
The most recent analyst rating on (RDUS) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Schnitzer Steel Industries stock, see the RDUS Stock Forecast page.
Spark’s Take on RDUS Stock
According to Spark, TipRanks’ AI Analyst, RDUS is a Neutral.
Schnitzer Steel Industries faces significant financial and valuation challenges, with negative profitability metrics heavily impacting the overall score. Technical analysis shows some positive momentum, but the financial outlook remains concerning. Corporate events, including a merger, offer potential future benefits but are currently overshadowed by recent losses and financial adjustments.
To see Spark’s full report on RDUS stock, click here.
More about Schnitzer Steel Industries
Average Trading Volume: 737,644
Technical Sentiment Signal: Buy
Current Market Cap: $840.1M
See more data about RDUS stock on TipRanks’ Stock Analysis page.