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

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Metallus Inc. (NYSE:MTUS - Get Free Report) shares hit a new 52-week low during mid-day trading on Saturday . The stock traded as low as $12.80 and last traded at $12.98, with a volume of 1155251 shares changing hands. The stock had previously closed at $13.87.

Metallus Stock Up 0.8 %

The firm has a fifty day moving average of $14.77 and a 200-day moving average of $14.88. The firm has a market cap of $577.51 million, a P/E ratio of 26.38, a PEG ratio of 1.02 and a beta of 1.32.

Institutional Investors Weigh In On Metallus

Several institutional investors have recently modified their holdings of MTUS. Thrivent Financial for Lutherans bought a new position in Metallus in the third quarter valued at approximately $445,000. Quest Partners LLC bought a new stake in shares of Metallus in the 3rd quarter valued at about $261,000. Intech Investment Management LLC acquired a new stake in shares of Metallus in the 3rd quarter valued at approximately $358,000. Charles Schwab Investment Management Inc. bought a new position in Metallus during the 3rd quarter worth approximately $9,484,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Metallus during the third quarter valued at approximately $1,062,000. Institutional investors and hedge funds own 77.58% of the company's stock.

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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