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

Metallus Inc. (NYSE:MTUS) shares reached a new 52-week low on Saturday . The stock 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 firm’s 50-day moving average is $14.80 and its two-hundred day moving average is $14.91. The stock has a market cap of $546.35 million, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.02 and a beta of 1.32.

Hedge Funds Weigh In On Metallus

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new position in Metallus in the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Metallus in the third quarter valued at about $41,000. Quadrant Capital Group LLC lifted its stake in shares of Metallus by 36.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock worth $42,000 after buying an additional 783 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock worth $67,000 after acquiring an additional 2,431 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in Metallus during the 4th 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.