Russel Metals (TSE:RUS) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$38.64 and traded as high as C$41.87. Russel Metals shares last traded at C$41.80, with a volume of 241,240 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on RUS. BMO Capital Markets cut their price objective on shares of Russel Metals from C$46.00 to C$45.00 in a report on Wednesday, July 24th. TD Securities upgraded Russel Metals from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$44.00 to C$46.00 in a report on Monday, September 16th. National Bankshares lowered their price target on shares of Russel Metals from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus cut their target price on Russel Metals from C$55.00 to C$52.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$46.93.

Russel Metals Stock Performance

The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.44 and a current ratio of 3.85. The stock has a market capitalization of C$2.45 billion, a PE ratio of 12.19, a P/E/G ratio of 0.59 and a beta of 1.52. The firm’s 50 day moving average is C$39.31 and its two-hundred day moving average is C$38.65.

Russel Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.68 dividend on an annualized basis and a yield of 4.02%. Russel Metals’s dividend payout ratio (DPR) is presently 48.98%.

About Russel Metals

Russel Metals Inc operates as a metal distribution and processing company in Canada and the United States. It operates in three segments: Metals Service Centers, Energy Field Stores, and Steel Distribution. The Metal Service Centers segment operates a network of metals service centers, which provide metal products in range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular, stainless steel, aluminum, and other non-ferrous specialty metal products.