NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Metallus Inc. (“Metallus” or the “Company”) (NYSE: MTUS). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Metallus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 8, 2025, Metallus issued a press release announcing its financial results for the first quarter of 2025. Among other items, Metallus reported non-GAAP earnings per share of $0.07, missing consensus estimates by $0.05. Metallus’s Chief Executive Officer said that the Company had “seen some volatility in the defense supply chain during the first quarter driven by customer manufacturing start-up challenges.”
On this news, Metallus’s stock price fell $1.48 per share, or 11.31%, to close at $11.61 per share on May 9, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
646-581-9980 ext. 7980
