Metallus (NYSE:MTUS) Reaches New 1-Year High – Here’s What Happened

Shares of Metallus Inc. (NYSE:MTUS) hit a new 52-week high on Tuesday . The stock traded as high as $21.74 and last traded at $21.4250, with a volume of 39200 shares trading hands. The stock had previously closed at $20.87.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Metallus Price Performance

The firm has a market cap of $882.85 million, a PE ratio of 303.26, a P/E/G ratio of 1.66 and a beta of 1.36. The stock has a 50-day moving average price of $19.43 and a 200 day moving average price of $18.68.

Metallus (NYSE:MTUS) last released its earnings results on Monday, May 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Metallus had a return on equity of 2.96% and a net margin of 0.24%.The firm had revenue of $238.30 million for the quarter, compared to the consensus estimate of $303.47 million. As a group, equities research analysts anticipate that Metallus Inc. will post 0.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Metallus in the third quarter worth approximately $33,000. iSAM Funds UK Ltd acquired a new position in Metallus during the third quarter worth approximately $53,000. GAMMA Investing LLC raised its stake in Metallus by 29.4% during the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock worth $81,000 after purchasing an additional 986 shares during the period. Quantbot Technologies LP purchased a new position in Metallus during the second quarter worth approximately $110,000. Finally, Strs Ohio purchased a new position in Metallus during the first quarter worth approximately $142,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

About Metallus

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.