Olympic Steel (NASDAQ:ZEUS) updated on StockNews.com

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

Olympic Steel Awards Performance

Shares of ZEUS traded down $0.61 during trading hours on Tuesday, hitting $25.89. 84,656 shares of the company were traded, against an average volume of 89,893. Olympic Steel has a 52-week low of $19.92 and a 52-week high of $43.18. The stock has a market capitalization of $288.10 million, a price-earnings ratio of 2.07 and a beta of 1.72. The company has a debt ratio of 0.58, a current ratio of 3.50 and a quick ratio of 1.41. The stock’s 50-day moving average is $27.82 and its 200-day moving average is $31.14.

Institutional entries and exits

Several institutional investors have recently bought and sold shares of ZEUS. Quantbot Technologies LP increased its stake in Olympic Steel shares by 42.1% in Q1. Quantbot Technologies LP now owns 1,137 shares of the basic materials company valued at $43,000 after buying 337 additional shares during the period. Ellevest Inc. increased its position in Olympic Steel by 86.9% in the first quarter. Ellevest Inc. now owns 1,080 shares of the basic materials company worth $42,000 after purchasing an additional 502 shares during the period. Janney Montgomery Scott LLC increased its position in Olympic Steel by 2.7% during the second quarter. Janney Montgomery Scott LLC now owns 19,490 shares of the basic materials company valued at $511,000 after purchasing an additional 510 shares during the period. The Tennessee State Treasury Department increased its position in Olympic Steel by 17.8% in the first quarter. The Tennessee State Treasury Department now owns 3,447 shares of the basic materials company valued at $133,000 after purchasing an additional 522 shares during the period. Finally, Zebra Capital Management LLC increased its stake in Olympic Steel shares by 5.7% in the 1st quarter. Zebra Capital Management LLC now owns 13,046 shares of the basic materials company valued at $502,000 after buying 698 additional shares in the last quarter. Institutional investors hold 78.53% 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.

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