Russel Metals Inc. (TSE:RUS - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$41.03 and traded as high as C$42.67. Russel Metals shares last traded at C$42.66, with a volume of 116,728 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on RUS shares. National Bankshares dropped 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 report on Wednesday, April 9th. Stifel Nicolaus lowered their price target on shares of Russel Metals from C$54.00 to C$53.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.
Read Our Latest Research Report on RUS
Russel Metals Stock Performance
The business has a 50 day moving average of C$41.72 and a 200-day moving average of C$40.94. The company has a market capitalization of C$2.51 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37.
Russel Metals Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were given a $0.43 dividend. 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 dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, May 29th. Russel Metals's dividend payout ratio (DPR) is 54.12%.
Russel Metals Company Profile
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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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