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

Key Points

• Russel Metals' share price has risen above its 200-day moving average of C$41.39, indicating potential positive momentum, but it last traded lower at C$40.69.
• Analysts have recently adjusted their price targets for the stock, with TD Securities lowering it from C$52.00 to C$50.00, while maintaining a "buy" rating.
• The company has announced a quarterly dividend of $0.43 per share, providing shareholders with a dividend yield of 4.2% and reflecting a payout ratio of 58.48%.

Russel Metals Inc. (TSE:RUS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$41.39 and traded as high as C$41.75. Russel Metals shares last traded at C$40.69, with a volume of 167,005 shares changing hands.

Analysts Set New Price Targets

RUS has been the topic of several recent research reports. TD Securities decreased their price objective on shares of Russel Metals from C$52.00 to C$50.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Stifel Nicolaus reduced their price objective on Russel Metals from C$49.00 to C$48.00 and set a "buy" rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$52.00.

Russel Metals Trading Up 0.1%

The business has a 50 day simple moving average of C$42.35 and a 200-day simple moving average of C$41.41. 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 stock has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22.

Russel Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.3%. Russel Metals's payout ratio is currently 58.48%.

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.