Russel Metals (TSE:RUS) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Russel Metals Inc. (TSE:RUS - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$41.19 and traded as high as C$42.66. Russel Metals shares last traded at C$42.58, with a volume of 157,169 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on RUS. TD Securities lifted their price target on Russel Metals from C$50.00 to C$52.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. National Bankshares dropped their target price on Russel Metals from C$58.00 to C$55.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, 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 research report on Thursday, May 8th.

Russel Metals Stock Up 1.9%

The company's 50 day moving average price is C$40.06 and its two-hundred day moving average price is C$41.21. 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 stock has a market cap of C$2.49 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, May 29th. This is an increase from Russel Metals's previous quarterly dividend of $0.42. Russel Metals's payout ratio is currently 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.