Russel Metals (TSE:RUS) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Russel Metals Inc. (TSE:RUS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$41.19 and traded as high as C$42.66. Russel Metals shares last traded at C$42.58, with a volume of 157,169 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RUS shares. Stifel Nicolaus cut their price target on shares of Russel Metals from C$54.00 to C$53.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. National Bankshares lowered their price objective on shares of Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, TD Securities lifted their price objective on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th.

Russel Metals Stock Up 1.4%

The company’s 50 day moving average price is C$39.85 and its 200 day moving average price is C$41.19. The company has a quick ratio of 1.44, a current ratio of 3.37 and a debt-to-equity ratio of 20.28. The firm has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.43 per share. This is an increase from Russel Metals’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, May 29th. Russel Metals’s payout ratio is presently 54.12%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.