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.

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