Metallus (NYSE:MTUS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Metallus (NYSE:MTUS) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Metallus Price Performance

MTUS opened at $18.18 on Friday. The stock’s 50 day simple moving average is $17.01 and its 200 day simple moving average is $16.27. The firm has a market cap of $756.97 million, a price-to-earnings ratio of -95.66, a PEG ratio of 1.99 and a beta of 1.45. Metallus has a 1 year low of $10.78 and a 1 year high of $18.55.

Metallus (NYSE:MTUS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%.The firm had revenue of $241.90 million during the quarter, compared to analyst estimates of $307.90 million. As a group, sell-side analysts anticipate that Metallus will post 0.66 EPS for the current year.

Institutional Trading of Metallus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTUS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Metallus by 68.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company’s stock valued at $25,885,000 after purchasing an additional 784,804 shares during the period. Invenomic Capital Management LP bought a new stake in shares of Metallus during the 1st quarter valued at about $8,701,000. Donald Smith & CO. Inc. purchased a new position in shares of Metallus during the second quarter valued at about $8,575,000. South Dakota Investment Council raised its stake in Metallus by 273.8% in the second quarter. South Dakota Investment Council now owns 411,537 shares of the company’s stock worth $6,342,000 after buying an additional 301,431 shares in the last quarter. Finally, CSM Advisors LLC bought a new position in Metallus in the third quarter worth about $4,415,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

About Metallus

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.