Olympic Steel (ZEUS) Rating Increased to Hold at ValuEngine
Olympic Steel (NASDAQ:ZEUS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.
Separately, BidaskClub raised shares of Olympic Steel from a “buy” rating to a “strong-buy” rating in a report on Friday, April 20th.
Olympic Steel opened at $22.60 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $248.57 million, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.16 and a beta of 1.78. Olympic Steel has a 52 week low of $16.58 and a 52 week high of $25.84. The company has a quick ratio of 1.35, a current ratio of 3.68 and a debt-to-equity ratio of 0.89.
A number of hedge funds have recently made changes to their positions in ZEUS. Matarin Capital Management LLC bought a new position in Olympic Steel during the 1st quarter valued at about $3,847,000. Columbia Partners L L C Investment Management bought a new position in Olympic Steel during the 2nd quarter valued at about $1,212,000. Millennium Management LLC bought a new position in Olympic Steel during the 1st quarter valued at about $930,000. Guggenheim Capital LLC lifted its holdings in Olympic Steel by 38.7% during the 4th quarter. Guggenheim Capital LLC now owns 148,243 shares of the basic materials company’s stock valued at $3,185,000 after purchasing an additional 41,326 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Olympic Steel by 2.6% during the 4th quarter. BlackRock Inc. now owns 1,326,469 shares of the basic materials company’s stock valued at $28,507,000 after purchasing an additional 33,337 shares during the last quarter. 64.56% of the stock is owned by hedge funds and other institutional investors.
About Olympic Steel
Olympic Steel, Inc processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.
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