Russel Metals (TSE:RUS) Shares Cross Above 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Russel Metals Inc. (TSE:RUS – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.08 and traded as high as C$44.03. Russel Metals shares last traded at C$43.73, with a volume of 137,335 shares trading hands.

Analyst Upgrades and Downgrades

RUS has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of Russel Metals from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Friday, September 19th. National Bankshares lifted their price objective on shares of Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Raymond James Financial dropped their target price on Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Finally, Scotiabank upgraded Russel Metals to a “strong-buy” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, Russel Metals has an average rating of “Buy” and a consensus price target of C$52.00.

Get Our Latest Analysis on RUS

Russel Metals Stock Performance

The company has a current ratio of 3.37, a quick ratio of 1.44 and a debt-to-equity ratio of 20.28. The firm’s fifty day moving average price is C$41.34 and its 200-day moving average price is C$42.09. The firm has a market cap of C$2.44 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 0.59 and a beta of 1.04.

Russel Metals (TSE:RUS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.63 earnings per share for the quarter. Russel Metals had a net margin of 4.27% and a return on equity of 11.03%. The firm had revenue of C$1.17 billion during the quarter.

Russel Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, November 27th. Russel Metals’s payout ratio is presently 58.22%.

About Russel Metals

(Get Free Report)

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.

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