Metallus Inc. (NYSE:MTUS - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $18.62, but opened at $17.51. Metallus shares last traded at $19.1340, with a volume of 38,680 shares trading hands.
Analyst Ratings Changes
MTUS has been the subject of a number of research reports. Wall Street Zen cut shares of Metallus from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. KeyCorp assumed coverage on shares of Metallus in a report on Wednesday, March 25th. They set a "sector weight" rating for the company. Zacks Research raised shares of Metallus from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Metallus in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Metallus has a consensus rating of "Hold" and an average target price of $24.00.
Read Our Latest Stock Report on MTUS
Metallus Trading Up 5.4%
The company's 50 day moving average price is $16.99 and its 200-day moving average price is $17.85. The company has a market capitalization of $818.99 million, a PE ratio of -654.42, a PEG ratio of 1.34 and a beta of 1.35.
Metallus (NYSE:MTUS - Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The business had revenue of $308.30 million for the quarter, compared to analyst estimates of $303.47 million. Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. As a group, analysts predict that Metallus Inc. will post 0.96 earnings per share for the current year.
Insider Activity
In other news, COO Kristopher R. Westbrooks sold 2,128 shares of the company's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $21.28, for a total value of $45,283.84. Following the sale, the chief operating officer owned 189,076 shares in the company, valued at approximately $4,023,537.28. This represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company's stock.
Institutional Investors Weigh In On Metallus
Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Metallus by 1.2% in the 1st quarter. Royal Bank of Canada now owns 316,569 shares of the company's stock worth $4,229,000 after acquiring an additional 3,711 shares during the period. Strs Ohio acquired a new stake in shares of Metallus in the 1st quarter worth approximately $142,000. Quantbot Technologies LP acquired a new stake in shares of Metallus in the 2nd quarter worth approximately $110,000. Quantinno Capital Management LP lifted its stake in shares of Metallus by 89.1% in the 2nd quarter. Quantinno Capital Management LP now owns 25,414 shares of the company's stock worth $392,000 after acquiring an additional 11,977 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Metallus by 51.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company's stock worth $10,099,000 after acquiring an additional 221,828 shares during the period. Institutional investors own 77.58% of the company's stock.
About Metallus
(
Get Free Report)
Metallus, Inc NYSE: MTUS is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.
Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.
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