Metallus (NYSE:MTUS) Sets New 12-Month High – Time to Buy?

Metallus Inc. (NYSE:MTUS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $21.74 and last traded at $21.4250, with a volume of 39200 shares. The stock had previously closed at $20.87.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Metallus presently has an average rating of “Hold”.

Metallus Stock Down 5.4%

The business’s fifty day moving average is $19.54 and its two-hundred day moving average is $18.71. The firm has a market cap of $831.27 million, a price-to-earnings ratio of 285.30, a price-to-earnings-growth ratio of 1.67 and a beta of 1.36.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm had revenue of $238.30 million for the quarter, compared to the consensus estimate of $303.47 million. Metallus had a return on equity of 2.96% and a net margin of 0.24%. Research analysts forecast that Metallus Inc. will post 0.84 EPS for the current year.

Institutional Trading of Metallus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in Metallus during the 3rd quarter worth about $33,000. iSAM Funds UK Ltd acquired a new stake in shares of Metallus during the 3rd quarter worth approximately $53,000. GAMMA Investing LLC grew its position in shares of Metallus by 29.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock worth $81,000 after buying an additional 986 shares during the period. Quantbot Technologies LP bought a new stake in shares of Metallus during the second quarter worth approximately $110,000. Finally, State of Wyoming lifted its holdings in Metallus by 1,215.5% in the fourth quarter. State of Wyoming now owns 8,998 shares of the company’s stock valued at $154,000 after buying an additional 8,314 shares during the period. 77.58% of the stock is currently owned by institutional investors and hedge funds.

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.