Russel Metals (TSE:RUS) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Russel Metals Inc. (TSE:RUS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$41.03 and traded as high as C$42.67. Russel Metals shares last traded at C$42.66, with a volume of 116,728 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on RUS. National Bankshares lowered their target price on shares of Russel Metals from C$58.00 to C$55.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus reduced their price objective on shares of Russel Metals from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Russel Metals Trading Up 0.5%

The company’s 50 day simple moving average is C$41.51 and its two-hundred day simple moving average is C$41.03. 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 company has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were given a $0.43 dividend. This is a boost from Russel Metals’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.03%. Russel Metals’s dividend payout ratio (DPR) is presently 54.12%.

Russel Metals Company Profile

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.