Metallus (NYSE:MTUS) Sets New 1-Year Low – Here’s Why

Metallus Inc. (NYSE:MTUS) reached a new 52-week low on Saturday . The company traded as low as $12.80 and last traded at $12.98, with a volume of 1155251 shares traded. The stock had previously closed at $13.87.

Metallus Trading Down 6.5 %

The company has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $14.91. The company has a market capitalization of $546.35 million, a PE ratio of 24.95, a PEG ratio of 1.02 and a beta of 1.32.

Institutional Trading of Metallus

Several hedge funds have recently made changes to their positions in MTUS. FMR LLC acquired a new stake in Metallus during the third quarter worth $29,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Metallus during the 3rd quarter worth about $41,000. Quadrant Capital Group LLC raised its holdings in 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 buying an additional 783 shares during the period. Tower Research Capital LLC TRC raised its holdings in Metallus by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock valued at $67,000 after buying an additional 2,431 shares during the period. Finally, Vestcor Inc acquired a new position in Metallus in the fourth quarter valued at about $104,000. Hedge funds and other 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.