Russel Metals (TSE:RUS) Reaches New 12-Month Low – Should You Sell?

Russel Metals Inc. (TSE:RUS)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$34.62 and last traded at C$35.15, with a volume of 23176 shares. The stock had previously closed at C$36.56.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RUS shares. Stifel Nicolaus increased their price objective on Russel Metals from C$55.50 to C$60.00 in a report on Friday, February 14th. TD Securities upped their price target on shares of Russel Metals from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$51.21.

Russel Metals Stock Down 1.7 %

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 firm has a fifty day simple moving average of C$40.55 and a 200-day simple moving average of C$41.33. The firm has a market cap of C$2.06 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.59 and a beta of 1.52.

Russel Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Friday, February 28th. Russel Metals’s payout ratio is 54.12%.

Insider Activity at Russel Metals

In related news, Director Brian Robie Hedges sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$42.32, for a total value of C$211,600.00. 0.85% of the stock is owned by company insiders.

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.