Metallus (NYSE:MTUS) Reaches New 12-Month Low – Here’s Why

Shares of Metallus Inc. (NYSE:MTUS) hit a new 52-week low on Tuesday . The stock traded as low as $13.53 and last traded at $13.71, with a volume of 217438 shares traded. The stock had previously closed at $13.98.

Metallus Stock Down 1.9 %

The firm has a market capitalization of $582.59 million, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. The firm has a 50 day moving average of $15.26 and a two-hundred day moving average of $16.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FMR LLC bought a new stake in Metallus during the 3rd quarter worth $29,000. Mark Sheptoff Financial Planning LLC bought a new position in Metallus in the third quarter valued at about $41,000. Huntington National Bank bought a new stake in shares of Metallus during the third quarter worth about $49,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Metallus during the third quarter worth about $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Metallus in the third quarter valued at approximately $159,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.