Metallus (NYSE:MTUS) Stock Breaks Below 50 Day Moving Average – Should You Sell?

Shares of Metallus Inc. (NYSE:MTUS) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $19.84 and traded as low as $19.50. Metallus shares last traded at $19.7530, with a volume of 546,187 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MTUS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metallus in a research note on Friday, September 4th. KeyCorp reiterated a “sector weight” rating on shares of Metallus in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Metallus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Metallus Stock Down 7.3%

The company has a market capitalization of $818.76 million, a P/E ratio of 35.92, a P/E/G ratio of 1.73 and a beta of 1.36. The firm’s 50-day moving average price is $19.84 and its 200 day moving average price is $19.17.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $259.70 million for the quarter, compared to analysts’ expectations of $345.15 million. Metallus had a net margin of 1.90% and a return on equity of 3.78%. As a group, equities research analysts expect that Metallus Inc. will post 0.82 EPS for the current year.

Insiders Place Their Bets

In other Metallus news, EVP Kristine Syrvalin sold 5,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the sale, the executive vice president directly owned 101,078 shares of the company’s stock, valued at $2,134,767.36. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MTUS. BlackRock Inc. bought a new stake in Metallus during the second quarter valued at $108,942,000. Donald Smith & CO. Inc. bought a new position in Metallus in the 2nd quarter worth about $11,375,000. Emerald Advisers LLC bought a new position in Metallus in the 1st quarter worth about $6,146,000. Sei Investments Co. raised its holdings in shares of Metallus by 32.1% in the 1st quarter. Sei Investments Co. now owns 287,643 shares of the company’s stock valued at $4,700,000 after acquiring an additional 69,874 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Metallus in the 2nd quarter valued at about $4,304,000. 77.58% of the stock is owned by institutional investors.

Metallus Company Profile

Metallus, Inc is a specialty metals manufacturer based in Canton, Ohio. The company produces alloy steel and other engineered materials for applications that require strength, durability, and precision. Its products are used in demanding industrial and transportation applications.

The company’s offerings include special bar quality steel, seamless mechanical tubing, and precision-engineered steel components. Metallus serves customers in markets such as automotive, aerospace and defense, energy, industrial equipment, and other manufacturing sectors.