Metallus (NYSE:MTUS) Shares Gap Up - What's Next?

Metallus Inc. (NYSE:MTUS - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.63, but opened at $13.20. Metallus shares last traded at $13.43, with a volume of 111,423 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MTUS shares. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Sidoti upgraded shares of Metallus to a "hold" rating in a research report on Friday, May 9th.

Metallus Price Performance

The firm's 50-day moving average is $12.84 and its two-hundred day moving average is $14.18. The company has a market cap of $605.09 million, a P/E ratio of 27.64, a PEG ratio of 1.02 and a beta of 1.33.

Metallus (NYSE:MTUS - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $264.03 million. Metallus had a net margin of 2.05% and a return on equity of 6.15%. The firm's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. As a group, sell-side analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Institutional Trading of Metallus

Institutional investors and hedge funds have recently made changes to their positions in the company. Amundi raised its holdings in shares of Metallus by 207.8% in the fourth quarter. Amundi now owns 23,845 shares of the company's stock valued at $320,000 after acquiring an additional 16,097 shares in the last quarter. Barclays PLC raised its holdings in shares of Metallus by 72.7% in the fourth quarter. Barclays PLC now owns 120,045 shares of the company's stock valued at $1,697,000 after acquiring an additional 50,543 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Metallus in the fourth quarter valued at about $3,590,000. Principal Financial Group Inc. raised its holdings in shares of Metallus by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 202,805 shares of the company's stock valued at $2,866,000 after acquiring an additional 3,511 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Metallus by 2.8% in the fourth quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock worth $1,772,000 after purchasing an additional 3,386 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors.

About Metallus

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.