Russel Metals (RUS) Reaches New 1-Year Low at $22.15

Shares of Russel Metals Inc (TSE:RUS) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$22.15 and last traded at C$22.21, with a volume of 142486 shares trading hands. The stock had previously closed at C$23.17.

Several analysts have recently commented on RUS shares. Royal Bank of Canada raised their price target on Russel Metals from C$30.00 to C$32.00 and gave the company a “sector perform” rating in a report on Monday, August 13th. Raymond James reissued a “strong-buy” rating and issued a C$36.00 price target on shares of Russel Metals in a report on Monday, November 26th. Finally, TD Securities reduced their price target on Russel Metals from C$39.00 to C$34.00 and set a “buy” rating for the company in a report on Friday, November 9th.

The company has a quick ratio of 1.04, a current ratio of 2.51 and a debt-to-equity ratio of 63.69.

Russel Metals (TSE:RUS) last released its quarterly earnings data on Wednesday, November 7th. The company reported C$1.10 earnings per share for the quarter. The firm had revenue of C$1.14 billion during the quarter. On average, research analysts expect that Russel Metals Inc will post 2.77999979123005 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, December 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Friday, November 23rd. Russel Metals’s payout ratio is currently 47.02%.

In other news, Director Annie Thabet acquired 3,750 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of C$26.00 per share, with a total value of C$97,500.00. Insiders purchased a total of 4,850 shares of company stock valued at $122,522 over the last ninety days.

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Russel Metals Company Profile (TSE:RUS)

Russel Metals Inc processes and distributes steel and other metal products in North America. The company operates in three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metals Service Centers segment purchases metal products from steel producers; and packages, processes, and sells carbon hot rolled and cold finished steel, pipe and tubular, and stainless steel and aluminum products, as well as other non-ferrous specialty metals in a range of sizes, shapes, and specifications.

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