Metallus (NYSE:MTUS) Shares Gap Down – Here’s Why

Shares of Metallus Inc. (NYSE:MTUS) gapped down prior to trading on Tuesday . The stock had previously closed at $19.52, but opened at $18.60. Metallus shares last traded at $18.9480, with a volume of 60,858 shares traded.

Wall Street Analyst Weigh In

MTUS has been the subject of a number of research reports. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Metallus Trading Down 4.5%

The firm has a fifty day moving average of $19.95 and a two-hundred day moving average of $18.77. The company has a market cap of $772.42 million, a PE ratio of 98.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36.

Metallus (NYSE:MTUS) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. Metallus had a net margin of 0.66% and a return on equity of 3.35%. Sell-side analysts expect that Metallus Inc. will post 0.83 EPS for the current fiscal year.

Institutional Trading of Metallus

A number of institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in Metallus in the 3rd quarter worth approximately $33,000. Public Employees Retirement System of Ohio bought a new stake in Metallus during the 2nd quarter valued at $37,000. iSAM Funds UK Ltd purchased a new stake in shares of Metallus during the third quarter worth $53,000. State of Wyoming purchased a new stake in shares of Metallus during the second quarter worth $77,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Metallus by 29.4% in the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock worth $81,000 after acquiring an additional 986 shares during the period. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Metallus Company Profile

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.