Metallus (NYSE:MTUS) Stock Breaks Below 50 Day Moving Average - Should You Sell?

Key Points

• Metallus shares fell below their 50-day moving average of $19.84, trading as low as $19.50 and last at $19.753.
• Analyst opinions are mixed, but MarketBeat reports a “Moderate Buy” consensus: one Strong Buy and two Hold ratings.
• Quarterly EPS of $0.35 beat the $0.30 estimate, while revenue of $259.7 million came in below the $345.15 million consensus.

Metallus Inc. (NYSE:MTUS - Get Free Report)'s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.84 and traded as low as $19.50. Metallus shares last traded at $19.7530, with a volume of 546,187 shares.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MTUS. KeyCorp reiterated a "sector weight" rating on shares of Metallus in a research note on Wednesday, August 5th. Weiss Ratings restated a "hold (c)" rating on shares of Metallus in a research report on Friday, September 4th. Finally, Zacks Research raised Metallus from a "hold" rating to a "strong-buy" rating in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Metallus has a consensus rating of "Moderate Buy".

Metallus Price Performance

The stock has a market capitalization of $818.76 million, a P/E ratio of 35.92, a PEG ratio of 1.73 and a beta of 1.36. The business's 50 day simple moving average is $19.84 and its 200-day simple moving average is $19.17.

Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The business had revenue of $259.70 million during the quarter, compared to the consensus estimate of $345.15 million. Metallus had a return on equity of 3.78% and a net margin of 1.90%. Research analysts anticipate that Metallus Inc. will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kristine Syrvalin sold 5,000 shares of the company's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $21.12, for a total transaction of $105,600.00. Following the completion of the transaction, the executive vice president directly owned 101,078 shares of the company's stock, valued at $2,134,767.36. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.80% of the company's stock.

Institutional Trading of Metallus

Several institutional investors and hedge funds have recently bought and sold shares of MTUS. BlackRock Inc. acquired a new stake in shares of Metallus in the second quarter valued at approximately $108,942,000. Donald Smith & CO. Inc. bought a new position in shares of Metallus in the second quarter worth about $11,375,000. Emerald Advisers LLC bought a new position in shares of Metallus in the first quarter worth about $6,146,000. Sei Investments Co. lifted its holdings in shares of Metallus by 32.1% in the first quarter. Sei Investments Co. now owns 287,643 shares of the company's stock worth $4,700,000 after acquiring an additional 69,874 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Metallus in the 1st quarter valued at approximately $3,887,000. Institutional investors own 77.58% of the company's stock.

Metallus Company Profile

Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.

The company's offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.