Metallus (NYSE:MTUS) Stock Rating Lowered by Wall Street Zen

Metallus (NYSE:MTUS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, Sidoti upgraded shares of Metallus to a “hold” rating in a research note on Friday, May 9th.

Metallus Stock Down 1.4%

Shares of NYSE MTUS opened at $12.32 on Thursday. The business has a 50-day moving average price of $12.92 and a 200 day moving average price of $14.32. The stock has a market cap of $518.60 million, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. Metallus has a 52-week low of $10.78 and a 52-week high of $24.28.

Metallus (NYSE:MTUS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $264.03 million. Metallus had a net margin of 2.05% and a return on equity of 6.15%. Metallus’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. Sell-side analysts anticipate that Metallus will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Metallus

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company’s stock valued at $25,000 after acquiring an additional 978 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Metallus by 36.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock valued at $42,000 after purchasing an additional 783 shares during the period. CWM LLC raised its stake in shares of Metallus by 60.2% during the first quarter. CWM LLC now owns 3,421 shares of the company’s stock worth $46,000 after purchasing an additional 1,286 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock worth $67,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Metallus during the first quarter worth $67,000. Hedge funds and other institutional investors 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.