Russel Metals (TSE:RUS) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Russel Metals Inc. (TSE:RUS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.15 and traded as high as C$43.00. Russel Metals shares last traded at C$42.39, with a volume of 142,787 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on RUS shares. TD Securities lifted their target price 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. National Bankshares decreased their target price on shares of Russel Metals from C$58.00 to C$55.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Russel Metals from C$54.00 to C$53.00 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Russel Metals Stock Performance

The company has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth 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. The stock's fifty day simple moving average is C$39.48 and its 200-day simple moving average is C$41.23.

Russel Metals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, May 29th. This is a positive change from Russel Metals's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.12%. Russel Metals's dividend payout ratio is 54.12%.

About Russel Metals

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.