Olympic Steel (NASDAQ:ZEUS – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Olympic Steel Price Performance
Shares of NASDAQ ZEUS traded up $0.66 during midday trading on Tuesday, hitting $38.53. The company had a trading volume of 273,134 shares, compared to its average volume of 115,477. The firm has a market capitalization of $428.95 million, a price-to-earnings ratio of 10.27 and a beta of 1.48. Olympic Steel has a twelve month low of $34.81 and a twelve month high of $73.49. The business has a 50-day simple moving average of $41.88 and a two-hundred day simple moving average of $51.64. The company has a quick ratio of 1.43, a current ratio of 3.77 and a debt-to-equity ratio of 0.37.
Olympic Steel (NASDAQ:ZEUS – Get Free Report) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $526.25 million during the quarter. Olympic Steel had a net margin of 1.74% and a return on equity of 4.98%. During the same period last year, the business posted $1.24 earnings per share.
Institutional Inflows and Outflows
Olympic Steel Company Profile
Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.
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