Metallus (NYSE:MTUS) Hits New 12-Month Low – Time to Sell?

Metallus Inc. (NYSE:MTUS)’s stock price reached a new 52-week low during trading on Saturday . The company traded as low as $12.80 and last traded at $12.98, with a volume of 1155251 shares trading hands. The stock had previously closed at $13.87.

Metallus Price Performance

The stock has a market capitalization of $546.35 million, a P/E ratio of 24.95, a PEG ratio of 1.02 and a beta of 1.32. The company’s 50 day simple moving average is $14.80 and its two-hundred day simple moving average is $14.90.

Institutional Investors Weigh In On Metallus

A number of large investors have recently bought and sold shares of MTUS. State Street Corp acquired a new position in Metallus in the third quarter worth $32,439,000. Systematic Financial Management LP bought a new position in shares of Metallus in the third quarter valued at about $16,359,000. Janus Henderson Group PLC acquired a new position in Metallus during the 3rd quarter worth about $15,534,000. Geode Capital Management LLC bought a new stake in Metallus during the 3rd quarter worth about $13,888,000. Finally, Azarias Capital Management L.P. acquired a new stake in Metallus in the 4th quarter valued at about $9,382,000. 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.