Metallus (NYSE:MTUS) Trading Down 9.8% – Should You Sell?

Metallus Inc. (NYSE:MTUS) shares traded down 9.8% on Friday . The company traded as low as $14.02 and last traded at $14.16. 44,933 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 330,251 shares. The stock had previously closed at $15.70.

Metallus Trading Down 8.0 %

The firm has a market cap of $613.61 million, a P/E ratio of 27.77, a PEG ratio of 1.02 and a beta of 1.38. The company’s 50-day moving average is $14.83 and its two-hundred day moving average is $15.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MTUS. FMR LLC bought a new stake in Metallus during the third quarter worth $29,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Metallus in the 3rd quarter worth $41,000. Quadrant Capital Group LLC raised its holdings in shares of Metallus by 36.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock valued at $42,000 after purchasing an additional 783 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Metallus in the third quarter valued at about $49,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock valued at $67,000 after purchasing an additional 2,431 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

About Metallus

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.