Metallus (NYSE:MTUS) Stock Price Up 4% – Should You Buy?

Metallus Inc. (NYSE:MTUS) shares were up 4% on Tuesday . The company traded as high as $20.50 and last traded at $20.3450. Approximately 262,687 shares changed hands during trading, a decline of 13% from the average daily volume of 300,505 shares. The stock had previously closed at $19.56.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MTUS shares. Wall Street Zen downgraded shares of Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings downgraded shares of Metallus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, KeyCorp began coverage on Metallus in a research note on Wednesday, March 25th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.00.

Metallus Stock Performance

The business’s 50-day moving average price is $18.09 and its 200 day moving average price is $18.11. The company has a market cap of $824.82 million, a P/E ratio of 283.08, a P/E/G ratio of 1.40 and a beta of 1.35.

Metallus (NYSE:MTUS) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $303.47 million. Metallus had a net margin of 0.24% and a return on equity of 2.96%. Equities research analysts forecast that Metallus Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of Metallus

Several hedge funds and other institutional investors have recently modified their holdings of MTUS. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Metallus during the 3rd quarter worth about $33,000. iSAM Funds UK Ltd acquired a new stake in Metallus in the 3rd quarter worth about $53,000. Quantbot Technologies LP acquired a new position in shares of Metallus in the 2nd quarter valued at approximately $110,000. Strs Ohio acquired a new position in shares of Metallus in the 1st quarter valued at approximately $142,000. Finally, BNP Paribas Financial Markets raised its position in shares of Metallus by 138.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock valued at $149,000 after buying an additional 5,246 shares in the last quarter. 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.