Dynamic Technology Lab Private Ltd Makes New Investment in Metallus Inc. (NYSE:MTUS)

Dynamic Technology Lab Private Ltd bought a new stake in Metallus Inc. (NYSE:MTUS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 71,594 shares of the company’s stock, valued at approximately $1,062,000.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in Metallus in the third quarter valued at about $27,669,000. Royce & Associates LP purchased a new position in shares of Metallus during the 3rd quarter worth approximately $14,301,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Metallus in the 3rd quarter valued at approximately $9,484,000. Empowered Funds LLC acquired a new position in Metallus during the third quarter worth $3,565,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Metallus during the third quarter worth about $3,017,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

Shares of MTUS stock opened at $15.96 on Wednesday. Metallus Inc. has a 1 year low of $13.82 and a 1 year high of $24.31. The stock has a market cap of $677.93 million, a PE ratio of 30.68, a P/E/G ratio of 1.69 and a beta of 1.36. The stock has a fifty day moving average price of $14.85 and a 200 day moving average price of $18.16.

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.