Ryerson Holding is a metals service center, a processor and distributor of industrial metals with operations in the U.S. through Joseph T. Ryerson & Son, Inc., in Canada through its subsidiary, Ryerson Canada, Inc., and in Mexico through its subsidiary, Ryerson Metals de Mexico, S. de R.L. de C.V. In addition, Co. conducts processing and distribution operations in China through an indirect wholly-owned subsidiary, Ryerson China Limited. Co. carries a line of products in stainless steel, aluminum, carbon steel, and alloy steels and a line of nickel and red metals in various shapes and forms. In addition to its metals products, Co. provides several processing and fabrication services. We show 31 historical shares outstanding datapoints in our RYI shares outstanding history coverage, used to compute RYI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RYI market cap history over the course of time is important for investors
interested in comparing RYI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RYI versus a peer is one thing; comparing
RYI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RYI can fluctuate over the course of history.
With this page we aim to empower investors researching RYI by allowing them to research the RYI market cap history. |
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Video: The Importance of Market Cap
