Russel Metals Inc. (TSE:RUS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$41.43 and traded as high as C$44.12. Russel Metals shares last traded at C$43.73, with a volume of 103,111 shares trading hands.
Analyst Ratings Changes
Several research firms have recently weighed in on RUS. Stifel Nicolaus cut their target price on shares of Russel Metals from C$54.00 to C$53.00 and set a "buy" rating for the company in a report on Thursday, May 8th. National Bankshares cut their target price on shares of Russel Metals from C$58.00 to C$55.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th.
View Our Latest Report on Russel Metals
Russel Metals Stock Performance
The company has a market cap of C$2.51 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52. The firm's fifty day moving average is C$43.58 and its 200 day moving average is C$41.43. The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28.
Russel Metals Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, May 29th. This is a boost from Russel Metals's previous quarterly dividend of $0.42. Russel Metals's payout ratio is presently 54.12%.
About Russel Metals
(
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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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