Metallus (NYSE:MTUS) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Metallus (NYSE:MTUS) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Wall Street Zen raised Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $24.00.

Metallus Trading Up 3.7%

MTUS stock opened at $17.80 on Thursday. The company has a market capitalization of $741.45 million, a P/E ratio of -93.69, a PEG ratio of 1.01 and a beta of 1.47. Metallus has a twelve month low of $10.78 and a twelve month high of $19.19. The business has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $16.62.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The firm had revenue of $241.90 million during the quarter, compared to the consensus estimate of $307.90 million. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. Research analysts predict that Metallus will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Metallus

A number of institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Metallus in the 3rd quarter valued at approximately $33,000. iSAM Funds UK Ltd purchased a new position in Metallus in the third quarter worth $53,000. Huntington National Bank raised its position in Metallus by 85.1% in the second quarter. Huntington National Bank now owns 5,470 shares of the company’s stock worth $84,000 after acquiring an additional 2,515 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Metallus in the second quarter valued at $110,000. Finally, Strs Ohio purchased a new stake in shares of Metallus during the 1st quarter worth $142,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.