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Metallus (NYSE:MTUS) Reaches New 52-Week Low - Time to Sell?

Metallus logo with Basic Materials background

Metallus Inc. (NYSE:MTUS - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.53 and last traded at $13.71, with a volume of 217438 shares trading hands. The stock had previously closed at $13.98.

Metallus Trading Down 1.9 %

The stock's fifty day simple moving average is $15.24 and its 200 day simple moving average is $16.59. The company has a market cap of $582.59 million, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.66 and a beta of 1.39.

Institutional Trading of Metallus

A number of institutional investors and hedge funds have recently bought and sold shares of MTUS. FMR LLC acquired a new position in Metallus during the third quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Metallus in the 3rd quarter valued at $41,000. Huntington National Bank purchased a new stake in Metallus in the 3rd quarter valued at $49,000. Y Intercept Hong Kong Ltd acquired a new stake in Metallus during the 3rd quarter worth $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Metallus during the 3rd quarter worth $159,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

About Metallus

(Get Free Report)

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.

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