Shares of Reliance Steel & Aluminum Co. (DE) (NYSE:RS) traded today at $185.54, eclipsing its 52-week high. This new high was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 373,000 shares.
Reliance Steel & Aluminum Co. (DE) (NYSE:RS) is currently priced 0.8% above its average consensus analyst price target of $182.52.
Reliance Steel & Aluminum is a metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. The company provides over 100,000 product types to approximately more than 125,000 customers. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets. Its product offerings comprise alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
Over the past year, Reliance Steel & Aluminum Co. (DE) has traded in a range of $131.13 to $185.54 and is now at $183.95, 40% above that low.
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