Metallus Inc. (NYSE:MTUS - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $18.39 and last traded at $17.90, with a volume of 473711 shares traded. The stock had previously closed at $17.21.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Metallus in a research note on Wednesday, October 8th. Northcoast Research assumed coverage on shares of Metallus in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price target for the company. Finally, Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $24.00.
Check Out Our Latest Report on MTUS
Metallus Price Performance
The business's 50 day moving average is $16.59 and its 200 day moving average is $15.05. The stock has a market cap of $748.76 million, a price-to-earnings ratio of -35.10, a P/E/G ratio of 1.94 and a beta of 1.44.
Metallus (NYSE:MTUS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The firm had revenue of $304.60 million during the quarter, compared to the consensus estimate of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. As a group, analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current year.
Hedge Funds Weigh In On Metallus
Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Metallus by 108.1% during the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after purchasing an additional 978 shares in the last quarter. CWM LLC grew its stake in shares of Metallus by 60.2% during the first quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after purchasing an additional 1,286 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Metallus during the first quarter worth $67,000. Huntington National Bank grew its stake in shares of Metallus by 85.1% during the second quarter. Huntington National Bank now owns 5,470 shares of the company's stock worth $84,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Metallus during the second quarter worth $110,000. Institutional investors and hedge funds own 77.58% of the company's stock.
Metallus Company Profile
(
Get Free Report)
Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.
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