Russel Metals (TSE:RUS) Hits New 52-Week Low - What's Next?

Russel Metals Inc. (TSE:RUS - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$34.62 and last traded at C$35.15, with a volume of 23176 shares traded. The stock had previously closed at C$36.56.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. National Bankshares reduced their price objective on Russel Metals from C$58.00 to C$55.00 and set an "outperform" rating on the stock in a research note on Wednesday. TD Securities increased their price target on Russel Metals from C$50.00 to C$52.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus boosted their price objective on Russel Metals from C$55.50 to C$60.00 in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$52.50.

Russel Metals Price Performance

The stock has a fifty day simple moving average of C$39.89 and a 200-day simple moving average of C$41.21. The company has a market capitalization of C$2.18 billion, a PE ratio of 12.23, a P/E/G ratio of 0.59 and a beta of 1.52. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.42 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.68 annualized dividend and a yield of 4.43%. Russel Metals's dividend payout ratio is currently 54.12%.

Insiders Place Their Bets

In other news, Director Brian Robie Hedges sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by corporate insiders.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.