Russel Metals (OTCMKTS:RUSMF) Shares Up 5.7% – Time to Buy?

Shares of Russel Metals Inc. (OTCMKTS:RUSMF) were up 5.7% during mid-day trading on Tuesday . The stock traded as high as $44.4640 and last traded at $43.51. Approximately 11,787 shares traded hands during trading, a decline of 40% from the average session volume of 19,758 shares. The stock had previously closed at $41.17.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RUSMF shares. Scotiabank restated an “outperform” rating on shares of Russel Metals in a research note on Thursday, May 7th. TD Securities reiterated a “buy” rating on shares of Russel Metals in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Russel Metals Stock Performance

The stock’s 50-day moving average is $42.99 and its two-hundred day moving average is $37.54.

About Russel Metals

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.