Olympic Steel (NASDAQ:ZEUS – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
Olympic Steel Stock Performance
Shares of ZEUS traded down $2.58 during midday trading on Monday, reaching $42.26. 125,354 shares of the stock were exchanged, compared to its average volume of 85,897. The business’s 50-day moving average price is $47.19 and its 200 day moving average price is $58.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.28 and a quick ratio of 1.21. Olympic Steel has a twelve month low of $40.39 and a twelve month high of $73.49. The company has a market capitalization of $470.48 million, a price-to-earnings ratio of 11.27 and a beta of 1.52.
Olympic Steel (NASDAQ:ZEUS – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Olympic Steel had a return on equity of 5.01% and a net margin of 1.74%. The business had revenue of $526.25 million for the quarter. During the same period last year, the firm earned $1.24 EPS.
Institutional Investors Weigh In On Olympic Steel
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.
See Also
- Five stocks we like better than Olympic Steel
- Conference Calls and Individual Investors
- From Tokyo to Wall Street: Japan’s Market Impact on U.S. Stocks
- What is the Hang Seng index?
- Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?
- Find and Profitably Trade Stocks at 52-Week Lows
- Texas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3%
Receive News & Ratings for Olympic Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olympic Steel and related companies with MarketBeat.com's FREE daily email newsletter.