Olympic Steel Inc. (ZEUS) Stock Price Up 5.8%
Olympic Steel Inc. (NASDAQ:ZEUS) shares rose 5.8% during trading on Tuesday . The stock traded as high as $28.85 and last traded at $28.67, with a volume of 60,699 shares traded. The stock had previously closed at $27.11.
ZEUS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Saturday, May 7th. TheStreet upgraded Olympic Steel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Jefferies Group reiterated a “hold” rating and issued a $25.00 price target (up previously from $20.00) on shares of Olympic Steel in a research note on Friday, June 10th.
The company has a 50-day moving average of $27.27 and a 200-day moving average of $18.94. The firm’s market cap is $315.07 million.
Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings results on Friday, April 29th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. The firm had revenue of $258.30 million for the quarter, compared to analysts’ expectations of $251.82 million. The business’s quarterly revenue was down 25.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS. On average, equities analysts forecast that Olympic Steel Inc. will post $0.92 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.