Metallus (NYSE:MTUS) Sets New 52-Week High – Time to Buy?

Shares of Metallus Inc. (NYSE:MTUS) hit a new 52-week high during trading on Wednesday . The stock traded as high as $19.72 and last traded at $19.3650, with a volume of 225746 shares traded. The stock had previously closed at $19.46.

Analysts Set New Price Targets

MTUS has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. Zacks Research lowered Metallus from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Wall Street Zen raised Metallus from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $24.00.

Metallus Stock Performance

The stock’s 50 day moving average is $17.42 and its 200 day moving average is $16.84. The company has a market capitalization of $806.55 million, a PE ratio of -101.92, a PEG ratio of 1.15 and a beta of 1.47.

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. The business had revenue of $241.90 million during 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%. On average, equities research analysts forecast that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Institutional Trading of Metallus

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Metallus by 1.2% during the 1st quarter. Royal Bank of Canada now owns 316,569 shares of the company’s stock valued at $4,229,000 after buying an additional 3,711 shares in the last quarter. Strs Ohio purchased a new position in Metallus during the first quarter valued at approximately $142,000. Voya Investment Management LLC increased its holdings in Metallus by 47.1% during the 1st quarter. Voya Investment Management LLC now owns 78,811 shares of the company’s stock worth $1,053,000 after acquiring an additional 25,223 shares during the period. Wedge Capital Management L L P NC bought a new stake in Metallus during the 2nd quarter worth approximately $1,872,000. Finally, State of Alaska Department of Revenue lifted its stake in Metallus by 6.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 21,990 shares of the company’s stock worth $338,000 after purchasing an additional 1,270 shares in the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.