Russel Metals (TSE:RUS) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Russel Metals Inc. (TSE:RUS - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

RUS has been the subject of several research reports. National Bankshares decreased their price target 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. Stifel Nicolaus dropped their target price on shares of Russel Metals from C$54.00 to C$53.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

Russel Metals Price Performance

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 company has a market capitalization of C$2.57 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.59 and a beta of 1.52. The company's 50-day simple moving average is C$42.81 and its 200 day simple moving average is C$41.10.

Russel Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a dividend of $0.43 per share. This is an increase from Russel Metals's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Thursday, May 29th. Russel Metals's dividend 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.