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

Metallus Inc. (NYSE:MTUS) hit a new 52-week low during trading on Tuesday . The company traded as low as $13.53 and last traded at $13.71, with a volume of 217438 shares. The stock had previously closed at $13.98.

Metallus Stock Down 2.2 %

The firm’s 50 day moving average is $15.23 and its 200-day moving average is $16.57. The firm has a market cap of $569.84 million, a PE ratio of 25.79, a P/E/G ratio of 1.66 and a beta of 1.39.

Institutional Trading of Metallus

A number of hedge funds have recently added to or reduced their stakes in MTUS. State Street Corp purchased a new position in shares of Metallus during the 3rd quarter worth about $32,439,000. Pacer Advisors Inc. purchased a new position in Metallus during the third quarter worth approximately $27,669,000. Systematic Financial Management LP acquired a new position in shares of Metallus in the 3rd quarter valued at $16,359,000. Janus Henderson Group PLC purchased a new stake in shares of Metallus during the 3rd quarter valued at $15,534,000. Finally, Royce & Associates LP acquired a new stake in shares of Metallus during the 3rd quarter worth $14,301,000. 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.