Russel Metals (OTCMKTS:RUSMF) Stock Price Down 3.2% – Time to Sell?

Russel Metals Inc. (OTCMKTS:RUSMF)’s share price fell 3.2% during mid-day trading on Monday . The company traded as low as $33.72 and last traded at $33.72. 14,728 shares changed hands during trading, a decline of 2% from the average session volume of 15,049 shares. The stock had previously closed at $34.8301.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Russel Metals in a research note on Friday, February 13th. TD Securities reiterated a “buy” rating on shares of Russel Metals in a report on Friday, February 13th. Scotiabank reissued an “outperform” rating on shares of Russel Metals in a research note on Thursday, January 29th. Finally, National Bank Financial cut Russel Metals from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Russel Metals currently has a consensus rating of “Moderate Buy”.

Russel Metals Stock Performance

The company’s 50-day moving average is $34.51 and its 200-day moving average is $31.44.

About Russel Metals

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.