Metallus (NYSE:MTUS) Shares Gap Down - Should You Sell?

Metallus Inc. (NYSE:MTUS - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.05, but opened at $12.65. Metallus shares last traded at $12.73, with a volume of 21,237 shares traded.

Wall Street Analysts Forecast Growth

Separately, Sidoti raised shares of Metallus to a "hold" rating in a research note on Friday, May 9th.

Metallus Price Performance

The firm has a 50-day simple moving average of $13.01 and a 200 day simple moving average of $14.36. The company has a market capitalization of $526.56 million, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44.

Metallus (NYSE:MTUS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). The company had revenue of $280.50 million during the quarter, compared to analyst estimates of $264.03 million. Metallus had a net margin of 2.05% and a return on equity of 6.15%. Metallus's quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Equities research analysts expect that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after buying an additional 978 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Metallus by 36.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after buying an additional 783 shares during the last quarter. CWM LLC grew its position 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 buying an additional 1,286 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Metallus by 103.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after buying an additional 2,431 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Metallus in the first quarter valued at $67,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Company Profile

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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