Russel Metals Inc. (TSE:RUS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$41.23 and traded as high as C$44.83. Russel Metals shares last traded at C$44.44, with a volume of 62,980 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have issued reports on RUS. National Bankshares reduced their price objective 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. Stifel Nicolaus dropped their target price on Russel Metals from C$54.00 to C$53.00 and set a "buy" rating for the company in a report on Thursday, May 8th.
Read Our Latest Research Report on RUS
Russel Metals Trading Down 0.3%
The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The business's 50 day simple moving average is C$43.36 and its two-hundred day simple moving average is C$41.30. The stock has a market cap of C$2.54 billion, a P/E ratio of 14.27, a PEG ratio of 0.59 and a beta of 1.52.
Russel Metals Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.88%. This is a positive change from Russel Metals's previous quarterly dividend of $0.42. Russel Metals's dividend payout ratio (DPR) is currently 54.12%.
About Russel Metals
(
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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.
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