Metallus (NYSE:MTUS) Reaches New 52-Week Low – Should You Sell?

Shares of Metallus Inc. (NYSE:MTUS) reached a new 52-week low on Tuesday . The stock traded as low as $13.01 and last traded at $13.10, with a volume of 52092 shares trading hands. The stock had previously closed at $13.98.

Metallus Price Performance

The business’s 50-day moving average price is $14.83 and its 200-day moving average price is $15.15. The firm has a market capitalization of $582.81 million, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC acquired a new stake in shares of Metallus during the third quarter worth about $29,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Metallus during the 3rd quarter worth approximately $41,000. Quadrant Capital Group LLC grew its stake in shares of Metallus by 36.3% in the 4th 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 position in shares of Metallus in the 3rd quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC raised its stake 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 worth $67,000 after purchasing an additional 2,431 shares during the last quarter. 77.58% of the stock is owned by hedge funds and other institutional investors.

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.