Metallus (NYSE:MTUS) Hits New 52-Week High – Here’s What Happened

Metallus Inc. (NYSE:MTUS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.52 and last traded at $18.3480, with a volume of 136310 shares. The stock had previously closed at $17.90.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Metallus presently has a consensus rating of “Hold” and an average price target of $24.00.

Metallus Stock Performance

The stock has a market cap of $766.36 million, a P/E ratio of -96.84, a P/E/G ratio of 1.88 and a beta of 1.45. The stock’s fifty day moving average is $16.92 and its 200 day moving average is $16.13.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The company had revenue of $241.90 million for the quarter, compared to analyst estimates of $307.90 million. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. Equities research analysts predict that Metallus Inc. will post 0.66 EPS for the current year.

Institutional Trading of Metallus

A number of institutional investors have recently modified their holdings of the company. Wexford Capital LP grew its holdings in shares of Metallus by 2.0% during the third quarter. Wexford Capital LP now owns 105,543 shares of the company’s stock valued at $1,745,000 after buying an additional 2,041 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Metallus during the 3rd quarter worth approximately $291,000. Northwestern Mutual Wealth Management Co. purchased a new position in Metallus during the third quarter valued at $33,000. Millennium Management LLC lifted its stake in Metallus by 103.3% in the 3rd quarter. Millennium Management LLC now owns 186,476 shares of the company’s stock valued at $3,082,000 after buying an additional 94,737 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Metallus by 1.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock worth $31,964,000 after acquiring an additional 23,596 shares during the last quarter. 77.58% of the stock is currently owned by institutional investors.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.