Olympic Steel (NASDAQ:ZEUS) Stock Ranking Updated by StockNews.com



Olympic Steel (NASDAQ:ZEUS – Get a Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report on Tuesday.

ZEUS stock opened at $36.78 on Tuesday. The company has a debt ratio of 0.77, a current ratio of 3.52 and a quick ratio of 1.36. The company has a market capitalization of $409.14 million, a PE ratio of 3.50 and a beta of 1.63. Olympic Steel has a 1-year low of $19.92 and a 1-year high of $43.18. The company has a fifty-day moving average of $33.29.

Olympic Steel (NASDAQ:ZEUS – Get Rating) last announced its quarterly results on Thursday, February 24. The basic materials company reported earnings per share (EPS) of $2.79 for the quarter. Olympic Steel had a net margin of 5.24% and a return on equity of 35.85%. The company had revenue of $624.59 million in the quarter. During the same period last year, the company posted EPS of $0.14. Analysts predict Olympic Steel will post EPS of 4.22 for the current fiscal year.

(A d)

US soldiers can carry up to 20 pounds of lithium batteries! In fact, almost all US weapon defense systems require lithium batteries.

Separately, COO Andrew S. Greiff acquired 2,500 shares of Olympic Steel in a transaction that took place on Monday, March 14. The shares were acquired at an average price of $28.79 per share, with a total value of $71,975.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, insider David A. Wolfort sold 29,700 shares of the company in a trade dated Tuesday, March 8. The stock was sold at an average price of $30.13, for a total transaction of $894,861.00. The disclosure of this sale can be found here. Insiders hold 17.40% of the shares of the company.

Several large investors have recently bought and sold shares of ZEUS. Invesco Ltd. increased its position in Olympic Steel shares by 92.5% during the 4th quarter. Invesco Ltd. now owns 703,442 shares of the basic materials company valued at $16,531,000 after purchasing an additional 338,049 shares last quarter. Assenagon Asset Management SA bought a new position in shares of Olympic Steel during the 4th quarter, valued at approximately $3,803,000. Putnam Investments LLC increased its position in Olympic Steel shares by 181.3% during the third quarter. Putnam Investments LLC now owns 129,420 shares of the basic materials company valued at $3,153,000 after buying an additional 83,420 shares last quarter. Morgan Stanley increased its position in Olympic Steel shares by 54.0% during the second quarter. Morgan Stanley now owns 218,385 shares of the basic materials company valued at $6,418,000 after buying an additional 76,600 shares last quarter. Finally, MAI Capital Management purchased a new position in Olympic Steel stock during Q4 valued at approximately $1,613,000. Institutional investors hold 72.95% of the company’s shares.

About Olympic Steel (Get an evaluation)

Olympic Steel, Inc processes, distributes and stocks metal products in the United States and around the world. It operates in three segments: Carbon Flat Products; Flat products in special metals; and tubular and piping products. The Carbon Flat Products segment sells and distributes carbon flat rolled and coated sheets, coil and plate products and fabricated parts.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Olympic Steel right now?

Before you consider Olympic Steel, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Olympic Steel wasn’t on the list.

Although Olympic Steel currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Source link


About Author

Comments are closed.