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

Russel Metals Inc. (TSE:RUS)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$40.75 and traded as high as C$42.33. Russel Metals shares last traded at C$41.52, with a volume of 286,306 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on RUS shares. Stifel Nicolaus lowered their target price on Russel Metals from C$57.00 to C$55.00 in a research note on Monday, February 3rd. TD Securities raised their price objective on shares of Russel Metals from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Raymond James upped their target price on shares of Russel Metals from C$50.00 to C$56.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada raised shares of Russel Metals from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$45.00 to C$51.00 in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Russel Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.21.

Russel Metals Stock Down 0.3 %

The firm’s 50 day moving average price is C$42.20 and its 200-day moving average price is C$40.75. The company has a current ratio of 3.85, a quick ratio of 1.44 and a debt-to-equity ratio of 16.88. The company has a market cap of C$2.44 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.05%. Russel Metals’s payout ratio is presently 48.98%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.