Russel Metals (OTCMKTS:RUSMF) Stock Price Down 3.6% – Time to Sell?

Russel Metals Inc. (OTCMKTS:RUSMF) fell 3.6% during trading on Tuesday . The company traded as low as $44.25 and last traded at $44.26. 7,039 shares changed hands during trading, a decline of 57% from the average session volume of 16,265 shares. The stock had previously closed at $45.9131.

Analyst Ratings Changes

A number of brokerages have recently commented on RUSMF. Scotiabank reaffirmed an “outperform” rating on shares of Russel Metals in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Russel Metals in a research note on Friday, February 13th. TD Securities reaffirmed a “buy” rating on shares of Russel Metals in a research note on Tuesday, May 5th. Finally, National Bank Financial cut shares of Russel Metals from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Russel Metals Price Performance

The stock has a 50-day moving average price of $39.82 and a 200 day moving average price of $35.51.

About Russel Metals

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.