Russel Metals (OTCMKTS:RUSMF) Shares Down 2.8% – Time to Sell?

Russel Metals Inc. (OTCMKTS:RUSMF) fell 2.8% during trading on Wednesday . The stock traded as low as $48.09 and last traded at $48.09. Approximately 11,781 shares were traded during mid-day trading, a decline of 39% from the average session volume of 19,168 shares. The stock had previously closed at $49.49.

Analyst Ratings Changes

RUSMF has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Russel Metals in a research note on Friday, July 24th. TD Securities reissued a “buy” rating on shares of Russel Metals in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Russel Metals Stock Performance

The stock has a 50-day simple moving average of $45.19 and a two-hundred day simple moving average of $39.26.

Russel Metals Company Profile

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.