Metallus (NYSE:MTUS) Upgraded by Wall Street Zen to Hold Rating

Metallus (NYSE:MTUS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, Sidoti raised Metallus to a "hold" rating in a report on Friday, May 9th.

Metallus Price Performance

Shares of Metallus stock opened at $16.57 on Friday. Metallus has a one year low of $10.78 and a one year high of $23.26. The firm has a market capitalization of $697.76 million, a price-to-earnings ratio of -33.14, a PEG ratio of 1.36 and a beta of 1.37. The business has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $14.00.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 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 the consensus estimate of $264.03 million. Metallus had a positive return on equity of 0.31% and a negative net margin of 2.05%. The business's revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, sell-side analysts expect that Metallus will post 0.66 EPS for the current year.

Insider Buying and Selling

In other Metallus news, EVP Kristine C. Syrvalin sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $16.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president directly owned 97,410 shares of the company's stock, valued at approximately $1,558,560. The trade was a 7.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $16.00, for a total value of $64,000.00. Following the completion of the transaction, the chief operating officer owned 197,076 shares in the company, valued at $3,153,216. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Metallus

Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its stake in Metallus by 47.1% in the first quarter. Voya Investment Management LLC now owns 78,811 shares of the company's stock valued at $1,053,000 after purchasing an additional 25,223 shares during the last quarter. Strs Ohio purchased a new position in Metallus in the first quarter valued at approximately $142,000. Empowered Funds LLC lifted its stake in Metallus by 2.1% in the first quarter. Empowered Funds LLC now owns 257,889 shares of the company's stock valued at $3,445,000 after purchasing an additional 5,189 shares during the last quarter. Caxton Associates LLP purchased a new position in Metallus in the first quarter valued at approximately $351,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $25,885,000 after purchasing an additional 784,804 shares during the last quarter. Hedge funds and other 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.

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