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

Russel Metals Inc. (TSE:RUS - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$40.97 and traded as high as C$44.39. Russel Metals shares last traded at C$44.19, with a volume of 49,251 shares trading hands.

Analysts Set New Price Targets

RUS has been the topic of several recent research reports. National Bankshares cut 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 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.

Russel Metals Trading Down 1.1%

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 business has a 50 day moving average of C$42.58 and a 200-day moving average of C$41.05. The firm has a market capitalization of C$2.53 billion, a P/E ratio of 14.23, a PEG ratio of 0.59 and a beta of 1.52.

Russel Metals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were paid a $0.43 dividend. The ex-dividend date was Thursday, May 29th. This is a boost from Russel Metals's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.89%. Russel Metals's dividend payout ratio (DPR) is currently 54.12%.

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.