Metallus (NYSE:MTUS) Reaches New 1-Year Low – What’s Next?

Metallus Inc. (NYSE:MTUS)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $13.64 and last traded at $13.64, with a volume of 78455 shares traded. The stock had previously closed at $14.09.

Metallus Price Performance

The firm has a market capitalization of $584.29 million, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. The stock’s 50-day moving average price is $15.32 and its 200 day moving average price is $16.93.

Institutional Trading of Metallus

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Metallus during the third quarter valued at about $1,104,000. State Street Corp acquired a new stake in shares of Metallus in the 3rd quarter worth $32,439,000. Empowered Funds LLC purchased a new position in Metallus during the 3rd quarter worth $3,565,000. Janus Henderson Group PLC purchased a new stake in Metallus in the third quarter valued at about $15,534,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Metallus in the third quarter worth about $566,000. 77.58% of the stock is currently owned by institutional investors.

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.