(RS) Reliance Steel & Aluminum - Ratings and Ratios

Reliance, Inc. (NYSE: RS) is a leading diversified metal solutions provider and metals service center company, primarily serving the United States and Canada. The company offers a comprehensive range of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. It also provides metals processing services to a wide array of industries, such as consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, semiconductor fabrication, industrial machinery, and heavy industries. The companys customer base includes original equipment manufacturers (OEMs), with a focus on small machine shops and fabricators. Headquartered in Scottsdale, Arizona, Reliance, Inc. was founded in 1939 and operates an extensive distribution network to meet the evolving needs of its clients. The company rebranded from Reliance Steel & Aluminum Co. to Reliance, Inc. in February 2024, reflecting its expanded scope and commitment to innovation in the metals industry.

From a technical perspective, RS is currently trading at $280.09, closely aligned with its 20-day SMA of $280.11 and slightly below its 50-day SMA of $284.70. The stock is testing its 200-day SMA of $287.20, which may act as a resistance level. The Average True Range (ATR) of $9.63 indicates moderate volatility, suggesting potential price swings within a defined range.

Fundamentally, Reliance, Inc. demonstrates strong financial health with a market capitalization of $13.95 billion. The stock trades at a trailing P/E of 16.92 and a forward P/E of 17.99, reflecting investor confidence in its future earnings potential. The price-to-book ratio of 1.94 and price-to-sales ratio of 1.01 suggest the stock is fairly valued relative to its assets and revenue. A return on equity (RoE) of 12.12% highlights the companys ability to generate profits from shareholder equity.