Russel Metals Inc. (TSE:RUS - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$41.07 and traded as high as C$45.08. Russel Metals shares last traded at C$44.47, with a volume of 103,040 shares trading hands.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Russel Metals from C$54.00 to C$53.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. National Bankshares lowered 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.
Read Our Latest Report on RUS
Russel Metals Stock Performance
The company's 50-day moving average price is C$43.02 and its two-hundred day moving average price is C$41.14. 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 stock has a market cap of C$2.56 billion, a PE ratio of 14.42, a PEG ratio of 0.59 and a beta of 1.52.
Russel Metals Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, May 29th. This is a boost from Russel Metals's previous quarterly dividend of $0.42. Russel Metals's dividend payout ratio (DPR) 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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