Metallus (NYSE:MTUS) Sets New 12-Month Low – Here’s Why

Metallus Inc. (NYSE:MTUS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.29 and last traded at $12.32, with a volume of 171442 shares traded. The stock had previously closed at $13.76.

Metallus Stock Down 6.1 %

The business’s 50-day moving average price is $14.48 and its 200-day moving average price is $14.79. The firm has a market capitalization of $486.98 million, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11.

Institutional Investors Weigh In On Metallus

A number of institutional investors have recently modified their holdings of MTUS. Thrivent Financial for Lutherans purchased a new stake in shares of Metallus during the 3rd quarter worth about $445,000. Charles Schwab Investment Management Inc. acquired a new position in Metallus in the third quarter worth approximately $9,484,000. The Manufacturers Life Insurance Company bought a new position in Metallus during the third quarter valued at approximately $238,000. FMR LLC acquired a new stake in Metallus in the third quarter valued at approximately $29,000. Finally, BNP Paribas Financial Markets acquired a new stake in Metallus in the third quarter valued at approximately $326,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

About Metallus

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.