Metallus (NYSE:MTUS) Sets New 12-Month Low – Should You Sell?

Metallus Inc. (NYSE:MTUS)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $12.29 and last traded at $12.32, with a volume of 171442 shares changing hands. The stock had previously closed at $13.76.

Metallus Stock Performance

The company has a market cap of $518.56 million, a P/E ratio of 23.68, a P/E/G ratio of 1.02 and a beta of 1.32. The stock’s fifty day moving average price is $14.61 and its two-hundred day moving average price is $14.84.

Institutional Investors Weigh In On Metallus

Large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Metallus in the third quarter valued at about $1,104,000. Geode Capital Management LLC bought a new stake in shares of Metallus during the 3rd quarter valued at approximately $13,888,000. Principal Financial Group Inc. acquired a new position in Metallus during the 3rd quarter worth approximately $2,956,000. State Street Corp bought a new position in Metallus in the 3rd quarter valued at approximately $32,439,000. Finally, Barclays PLC acquired a new stake in Metallus in the third quarter valued at approximately $1,031,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

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.