Metallus (NYSE:MTUS) Shares Down 5.4% – What’s Next?

Metallus Inc. (NYSE:MTUS)’s stock price dropped 5.4% on Friday . The stock traded as low as $13.20 and last traded at $13.12. Approximately 133,837 shares changed hands during trading, a decline of 59% from the average daily volume of 323,047 shares. The stock had previously closed at $13.87.

Metallus Stock Performance

The firm has a 50 day moving average of $14.80 and a two-hundred day moving average of $14.91. The stock has a market cap of $546.35 million, a P/E ratio of 24.95, a P/E/G ratio of 1.02 and a beta of 1.32.

Institutional Investors Weigh In On Metallus

A number of hedge funds and other institutional investors have recently bought and sold shares of MTUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Metallus in the 3rd quarter worth $1,104,000. Geode Capital Management LLC acquired a new position in Metallus during the third quarter worth approximately $13,888,000. Principal Financial Group Inc. acquired a new position in Metallus during the third quarter worth approximately $2,956,000. State Street Corp acquired a new position in shares of Metallus in the third quarter valued at approximately $32,439,000. Finally, Barclays PLC bought a new stake in shares of Metallus in the third quarter valued at approximately $1,031,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Company Profile

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.