Olympic Steel Inc. (ZEUS) Trading 5.2% Higher
Olympic Steel Inc. (NASDAQ:ZEUS) shares traded up 5.2% during trading on Thursday . The stock traded as high as $20.48 and last traded at $20.45, with a volume of 70,499 shares traded. The stock had previously closed at $19.43.
Several research analysts have commented on the company. Zacks Investment Research downgraded Olympic Steel from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp cut Olympic Steel from a “sector weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research report on Friday, August 19th. Jefferies Group restated a “hold” rating on shares of Olympic Steel in a research report on Wednesday, August 3rd. Finally, TheStreet upgraded Olympic Steel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th.
The stock’s market cap is $217.65 million. The stock’s 50 day moving average price is $26.01 and its 200-day moving average price is $21.16.
Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.07. The firm earned $273.60 million during the quarter, compared to the consensus estimate of $305.66 million. During the same period in the prior year, the company earned ($0.08) earnings per share. Olympic Steel’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities analysts predict that Olympic Steel Inc. will post $0.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.08 annualized dividend and a yield of 0.40%.
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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