Metallus (NYSE:MTUS) Hits New 1-Year Low – Here’s Why

Metallus Inc. (NYSE:MTUS)’s share price hit a new 52-week low on Tuesday . The company traded as low as $13.53 and last traded at $13.71, with a volume of 217438 shares. The stock had previously closed at $13.98.

Metallus Stock Performance

The firm has a fifty day moving average of $15.23 and a 200-day moving average of $16.57. The stock has a market capitalization of $569.84 million, a price-to-earnings ratio of 25.79, a P/E/G ratio of 1.66 and a beta of 1.39.

Institutional Trading of Metallus

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new position in shares of Metallus in the third quarter valued at $13,888,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Metallus in the 3rd quarter valued at about $1,104,000. State Street Corp acquired a new stake in shares of Metallus during the third quarter valued at about $32,439,000. Principal Financial Group Inc. purchased a new stake in shares of Metallus during the third quarter worth about $2,956,000. Finally, Empowered Funds LLC acquired a new position in shares of Metallus in the third quarter worth about $3,565,000. 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.