Russel Metals (TSE:RUS) Stock Crosses Above Two Hundred Day Moving Average of $21.26

Shares of Russel Metals Inc (TSE:RUS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.26 and traded as high as $22.93. Russel Metals shares last traded at $22.59, with a volume of 202,615 shares trading hands.

A number of research analysts recently issued reports on RUS shares. Royal Bank of Canada lowered their target price on Russel Metals from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Raymond James reiterated an “outperform” rating and issued a C$25.00 price target on shares of Russel Metals in a research report on Friday, November 8th. Finally, TD Securities upped their price target on shares of Russel Metals from C$22.00 to C$24.00 and gave the company a “hold” rating in a report on Friday, November 8th.

The firm has a market capitalization of $1.40 billion and a P/E ratio of 10.81. The business’s fifty day moving average is C$21.96 and its 200 day moving average is C$21.26. The company has a current ratio of 3.16, a quick ratio of 1.26 and a debt-to-equity ratio of 70.18.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date of this dividend is Monday, November 25th. Russel Metals’s payout ratio is 73.15%.

About Russel Metals (TSE:RUS)

Russel Metals Inc distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products.

Further Reading: 52 Week Highs and Lows

Receive News & Ratings for Russel Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit