Russel Metals (OTCMKTS:RUSMF) Trading 1.7% Higher – Should You Buy?

Russel Metals Inc. (OTCMKTS:RUSMF)’s share price shot up 1.7% on Tuesday . The stock traded as high as $34.3140 and last traded at $34.3140. 5,691 shares were traded during mid-day trading, a decline of 68% from the average session volume of 17,607 shares. The stock had previously closed at $33.74.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Russel Metals in a research report on Friday, February 13th. Scotiabank reiterated an “outperform” rating on shares of Russel Metals in a research note on Thursday, January 29th. TD Securities reissued a “buy” rating on shares of Russel Metals in a report on Friday, February 13th. Finally, National Bank Financial lowered shares of Russel Metals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Russel Metals Stock Up 0.2%

The business’s fifty day moving average price is $34.91 and its 200 day moving average price is $31.91.

Russel Metals Company Profile

Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.

Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.