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Metallus (NYSE:MTUS) Sets New 52-Week Low - Here's Why

Metallus logo with Basic Materials background

Metallus Inc. (NYSE:MTUS - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.01 and last traded at $13.10, with a volume of 52092 shares changing hands. The stock had previously closed at $13.98.

Metallus Stock Performance

The stock has a market capitalization of $590.38 million, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The business has a fifty day simple moving average of $14.81 and a 200 day simple moving average of $15.13.

Hedge Funds Weigh In On Metallus

A number of hedge funds have recently bought and sold shares of MTUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Metallus by 6.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,144 shares of the company's stock worth $1,118,000 after purchasing an additional 4,732 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Metallus during the fourth quarter worth approximately $255,000. State of Wyoming grew its position in Metallus by 9.5% during the fourth quarter. State of Wyoming now owns 17,831 shares of the company's stock worth $252,000 after buying an additional 1,541 shares in the last quarter. Systematic Financial Management LP increased its stake in Metallus by 4.8% during the 4th quarter. Systematic Financial Management LP now owns 1,156,297 shares of the company's stock worth $16,339,000 after acquiring an additional 53,194 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Metallus in the 4th quarter valued at $181,000. 77.58% of the stock is owned by institutional investors.

Metallus Company Profile

(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.

Further Reading

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