Metallus (NYSE:MTUS) Sets New 52-Week Low – Time to Sell?

Shares of Metallus Inc. (NYSE:MTUS) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.29 and last traded at $12.32, with a volume of 171442 shares trading hands. The stock had previously closed at $13.76.

Metallus Price Performance

The company has a market cap of $518.56 million, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The business’s fifty day moving average price is $14.61 and its 200 day moving average price is $14.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC bought a new position in shares of Metallus during the third quarter worth about $29,000. Quadrant Capital Group LLC lifted its position in shares of Metallus by 36.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock worth $42,000 after purchasing an additional 783 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 2,431 shares during the last quarter. Vestcor Inc bought a new stake in shares of Metallus in the 4th quarter valued at $104,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Metallus during the third quarter worth $156,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Company Profile

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.