Russel Metals (OTCMKTS:RUSMF) Trading 1.6% Higher – Still a Buy?

Russel Metals Inc. (OTCMKTS:RUSMFGet Free Report) was up 1.6% during mid-day trading on Tuesday . The stock traded as high as $31.14 and last traded at $30.78. Approximately 17,468 shares changed hands during trading, an increase of 931% from the average daily volume of 1,694 shares. The stock had previously closed at $30.28.

Russel Metals Price Performance

The business has a 50-day simple moving average of $29.10 and a two-hundred day simple moving average of $28.29.

Russel Metals Company Profile

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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.

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