Metallus (NYSE:MTUS) Stock Price Down 3.9% - What's Next?

Shares of Metallus Inc. (NYSE:MTUS - Get Free Report) fell 3.9% during mid-day trading on Tuesday . The stock traded as low as $13.07 and last traded at $13.12. 35,833 shares changed hands during trading, a decline of 90% from the average session volume of 374,617 shares. The stock had previously closed at $13.65.

Wall Street Analysts Forecast Growth

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

Metallus Stock Up 4.1%

The stock has a market capitalization of $605.09 million, a P/E ratio of 27.64, a P/E/G ratio of 1.02 and a beta of 1.33. The business has a fifty day moving average price of $12.84 and a 200-day moving average price of $14.18.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTUS. Strs Ohio purchased a new stake in Metallus in the first quarter worth about $142,000. Empowered Funds LLC raised its stake in Metallus by 2.1% during the 1st quarter. Empowered Funds LLC now owns 257,889 shares of the company's stock worth $3,445,000 after acquiring an additional 5,189 shares during the period. Caxton Associates LLP purchased a new position in Metallus during the first quarter valued at approximately $351,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Metallus by 68.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company's stock worth $25,885,000 after purchasing an additional 784,804 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in shares of Metallus in the first quarter worth $8,701,000. Institutional investors own 77.58% of the company's stock.

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.