Russel Metals (TSE:RUS) Shares Pass Above 200-Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.04 and traded as high as C$43.45. Russel Metals shares last traded at C$42.78, with a volume of 99,241 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on RUS. National Bankshares lifted their price target on Russel Metals from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Stifel Nicolaus decreased their price objective on Russel Metals from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Friday, September 19th. Scotiabank raised Russel Metals to a “strong-buy” rating in a report on Friday, October 10th. TD Securities decreased their price objective on Russel Metals from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, August 11th. Finally, Raymond James Financial decreased their price objective on Russel Metals from C$56.00 to C$54.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$51.80.

Russel Metals Trading Down 1.5%

The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. The company has a 50 day moving average of C$41.50 and a two-hundred day moving average of C$42.04. The stock has a market cap of C$2.40 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.59 and a beta of 1.10.

Russel Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, August 28th. Russel Metals’s payout ratio is currently 58.48%.

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.