Metallus (NYSE:MTUS) Shares Gap Down – Here’s What Happened

Metallus Inc. (NYSE:MTUS) shares gapped down before the market opened on Friday . The stock had previously closed at $15.96, but opened at $14.93. Metallus shares last traded at $15.23, with a volume of 50,865 shares changing hands.

Metallus Price Performance

The stock has a market cap of $686.67 million, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. The stock’s 50-day moving average is $14.83 and its 200-day moving average is $18.67.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.24). Metallus had a return on equity of 10.10% and a net margin of 4.21%. The business had revenue of $294.70 million for the quarter, compared to analyst estimates of $320.37 million. During the same quarter last year, the business earned $0.60 EPS. Metallus’s revenue for the quarter was down 17.4% compared to the same quarter last year. Analysts predict that Metallus Inc. will post 0.96 EPS for the current fiscal year.

Institutional Trading of Metallus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank acquired a new stake in shares of Metallus in the third quarter worth approximately $49,000. Amalgamated Bank purchased a new position in Metallus during the third quarter worth approximately $172,000. Creative Planning acquired a new position in shares of Metallus in the 3rd quarter valued at $183,000. SG Americas Securities LLC purchased a new stake in shares of Metallus during the 3rd quarter valued at $189,000. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in shares of Metallus during the 3rd quarter worth $233,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

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.