StockNews.com upgraded shares of Olympic Steel (NASDAQ:ZEUS – Free Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday.
Olympic Steel Stock Performance
Shares of ZEUS opened at $39.36 on Tuesday. Olympic Steel has a 1 year low of $34.81 and a 1 year high of $73.49. The stock has a market capitalization of $438.08 million, a PE ratio of 10.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.43 and a current ratio of 3.77. The stock has a 50-day simple moving average of $41.32 and a 200-day simple moving average of $51.28.
Olympic Steel (NASDAQ:ZEUS – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $526.25 million for the quarter. Olympic Steel had a net margin of 1.74% and a return on equity of 4.98%. During the same period in the prior year, the company posted $1.24 earnings per share.
Olympic Steel Dividend Announcement
Institutional Investors Weigh In On Olympic Steel
Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in Olympic Steel during the first quarter worth approximately $61,000. Innealta Capital LLC acquired a new stake in Olympic Steel during the 2nd quarter worth $58,000. Cornerstone Investment Partners LLC purchased a new stake in Olympic Steel in the first quarter valued at $207,000. XTX Topco Ltd acquired a new position in Olympic Steel in the second quarter valued at $201,000. Finally, Harvest Investment Services LLC purchased a new position in shares of Olympic Steel during the fourth quarter worth about $395,000. Hedge funds and other institutional investors own 87.07% of the company’s stock.
About Olympic Steel
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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