Olympic Steel (NASDAQ:ZEUS – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.
Olympic Steel Trading Down 0.6 %
Shares of Olympic Steel stock opened at $36.59 on Friday. The firm has a market cap of $407.25 million, a price-to-earnings ratio of 11.77 and a beta of 1.46. Olympic Steel has a 52-week low of $34.81 and a 52-week high of $73.49. The company’s 50-day simple moving average is $38.75 and its 200-day simple moving average is $46.93. The company has a quick ratio of 1.43, a current ratio of 3.77 and a debt-to-equity ratio of 0.37.
Olympic Steel (NASDAQ:ZEUS – Get Free Report) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $526.25 million for the quarter. Olympic Steel had a return on equity of 4.98% and a net margin of 1.74%. During the same quarter in the previous year, the firm posted $1.24 EPS.
Institutional Investors Weigh In On Olympic Steel
Olympic Steel Company Profile
Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.
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