Russel Metals (TSE:RUS) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Russel Metals Inc. (TSE:RUS - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$41.18 and traded as high as C$43.76. Russel Metals shares last traded at C$43.67, with a volume of 216,002 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on RUS shares. TD Securities increased their price target on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. National Bankshares lowered 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 note on Wednesday, April 9th. Finally, Stifel Nicolaus cut their price target on Russel Metals from C$54.00 to C$53.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.

Russel Metals Price Performance

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 has a fifty day simple moving average of C$40.35 and a two-hundred day simple moving average of C$41.18. The company has a market cap of C$2.50 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be issued a $0.43 dividend. This is a positive change from Russel Metals's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.72 annualized dividend and a yield of 3.94%. Russel Metals's dividend payout ratio (DPR) is presently 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.