Olympic Steel Inc. (ZEUS) Trading 7.6% Higher
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price traded up 7.6% during mid-day trading on Wednesday . The company traded as high as $23.81 and last traded at $23.68, with a volume of 145,305 shares. The stock had previously closed at $22.01.
A number of equities analysts have issued reports on the company. Jefferies Group reiterated a “hold” rating on shares of Olympic Steel in a report on Wednesday. Zacks Investment Research upgraded Olympic Steel from a “strong sell” rating to a “hold” rating in a report on Thursday, April 28th. Finally, TheStreet upgraded Olympic Steel from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th.
The company has a 50 day moving average price of $27.32 and a 200-day moving average price of $19.59. The company’s market cap is $268.82 million.
Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.07. The firm earned $273.60 million during the quarter, compared to analysts’ expectations of $305.66 million. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Equities analysts anticipate that Olympic Steel Inc. will post $0.95 EPS for the current year.
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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