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

Russel Metals Inc. (TSE:RUS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Ratings Changes

A number of research analysts have recently commented on RUS shares. Stifel Nicolaus cut 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 report on Thursday, May 8th. National Bankshares dropped 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 report on Wednesday, April 9th.

Russel Metals Stock Up 0.5%

The stock has a market capitalization of C$2.54 billion, a PE ratio of 14.30, 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 company's 50-day moving average is C$42.24 and its 200 day moving average is C$40.97.

Russel Metals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was 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 3.87%. 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.