Metallus (NYSE:MTUS) Reaches New 52-Week High – What’s Next?

Shares of Metallus Inc. (NYSE:MTUS) reached a new 52-week high on Wednesday . The stock traded as high as $21.73 and last traded at $21.1160, with a volume of 35666 shares trading hands. The stock had previously closed at $20.91.

Analyst Ratings Changes

Several research firms have recently commented on MTUS. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Metallus from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.00.

Metallus Stock Performance

The stock has a 50 day moving average of $18.96 and a two-hundred day moving average of $17.40. The stock has a market cap of $889.60 million, a PE ratio of -112.34, a PEG ratio of 1.26 and a beta of 1.48.

Insider Activity at Metallus

In related news, COO Kristopher R. Westbrooks sold 2,128 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the transaction, the chief operating officer owned 189,076 shares of the company’s stock, valued at approximately $4,023,537.28. This trade represents a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 16,104 shares of company stock valued at $328,592. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Metallus

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Metallus during the third quarter valued at $33,000. iSAM Funds UK Ltd acquired a new stake in Metallus during the 3rd quarter worth about $53,000. Huntington National Bank boosted its position in Metallus by 85.1% during the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company’s stock worth $84,000 after acquiring an additional 2,515 shares during the period. Quantbot Technologies LP purchased a new position in Metallus during the 2nd quarter valued at about $110,000. Finally, Strs Ohio acquired a new position in shares of Metallus in the 1st quarter valued at about $142,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

About Metallus

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.