Russel Metals (TSE:RUS) Stock Crosses Above Two Hundred Day Moving Average of $21.26
Russel Metals Inc (TSE:RUS)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.26 and traded as high as $22.93. Russel Metals shares last traded at $22.59, with a volume of 202,615 shares trading hands.
Several equities research analysts have recently commented on the company. Raymond James reaffirmed an “outperform” rating and set a C$25.00 target price on shares of Russel Metals in a report on Friday, November 8th. TD Securities upped their target price on Russel Metals from C$22.00 to C$24.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reduced their target price on Russel Metals from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a report on Monday, August 12th.
The firm has a market capitalization of $1.39 billion and a PE ratio of 10.83. The company has a debt-to-equity ratio of 70.18, a current ratio of 3.16 and a quick ratio of 1.26. The firm has a fifty day moving average price of C$21.79 and a 200 day moving average price of C$21.26.
About Russel Metals (TSE:RUS)
Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.
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