Russel Metals (TSE:RUS) Stock Passes Above 200 Day Moving Average - Time to Sell?

Russel Metals Inc. (TSE:RUS - Get Free Report)'s share price crossed 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Securities reduced their price target on shares of Russel Metals from C$52.00 to C$50.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Stifel Nicolaus reduced their price target on shares of Russel Metals from C$54.50 to C$49.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$52.20.

Russel Metals Stock Down 2.0%

The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The business's 50 day moving average is C$42.52 and its 200-day moving average is C$41.39. The firm has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, August 28th. Russel Metals's dividend payout ratio (DPR) is presently 58.48%.

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.

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