BidaskClub upgraded shares of Olympic Steel (NASDAQ:ZEUS) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Olympic Steel from a hold rating to a strong sell rating in a research report on Friday, October 20th. KeyCorp reaffirmed a hold rating on shares of Olympic Steel in a research report on Sunday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $20.50.

Olympic Steel (NASDAQ ZEUS) traded up $0.07 during midday trading on Tuesday, hitting $23.59. 127,700 shares of the stock were exchanged, compared to its average volume of 102,050. The company has a current ratio of 4.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.82. The firm has a market cap of $263.65, a PE ratio of 21.25, a PEG ratio of 1.61 and a beta of 1.79. Olympic Steel has a one year low of $15.83 and a one year high of $27.16.

Olympic Steel (NASDAQ:ZEUS) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $331.44 million during the quarter, compared to analysts’ expectations of $323.05 million. Olympic Steel had a net margin of 0.99% and a return on equity of 4.32%. Olympic Steel’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) EPS. equities analysts anticipate that Olympic Steel will post 1.27 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in Olympic Steel by 0.3% during the second quarter. PNC Financial Services Group Inc. now owns 12,676 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 39 shares during the period. Rhumbline Advisers increased its position in Olympic Steel by 0.8% during the second quarter. Rhumbline Advisers now owns 18,007 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 135 shares during the period. Parametric Portfolio Associates LLC increased its position in Olympic Steel by 0.4% during the second quarter. Parametric Portfolio Associates LLC now owns 47,363 shares of the basic materials company’s stock worth $923,000 after acquiring an additional 196 shares during the period. Citigroup Inc. increased its position in Olympic Steel by 4.0% during the second quarter. Citigroup Inc. now owns 12,888 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 490 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Olympic Steel by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,349 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 934 shares during the period. 67.91% of the stock is currently owned by institutional investors and hedge funds.

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About Olympic Steel

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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