Russel Metals (TSE:RUS) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Russel Metals Inc. (TSE:RUS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.02 and traded as high as C$40.50. Russel Metals shares last traded at C$40.32, with a volume of 226,344 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Russel Metals from C$54.50 to C$57.00 in a research note on Friday, November 22nd. TD Securities increased their target price on shares of Russel Metals from C$46.00 to C$50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Raymond James increased their price objective on Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upgraded Russel Metals from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$45.00 to C$51.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Russel Metals currently has a consensus rating of "Moderate Buy" and a consensus target price of C$50.50.

Russel Metals Price 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's fifty day moving average price is C$42.93 and its 200-day moving average price is C$40.04. The firm has a market cap of C$2.37 billion, a PE ratio of 11.78, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals (TSE:RUS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, missing analysts' consensus estimates of C$0.61 by C($0.02). Russel Metals had a return on equity of 12.67% and a net margin of 4.87%. The firm had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.06 billion.

Russel Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Wednesday, November 27th. 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.