Olympic Steel Inc. Sets New 1-Year High at $30.45 (ZEUS)
Olympic Steel (NASDAQ:ZEUS) set a new 52-week high during mid-day trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $30.45 and last traded at $30.21, with a volume of 35,184 shares. The stock had previously closed at $29.46.
ZEUS has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Olympic Steel from $26.00 to $29.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Finally, analysts at Macquarie downgraded shares of Olympic Steel from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $25.00 price target on the stock.
Olympic Steel has a 1-year low of $16.61 and a 1-year high of $30.45. The stock has a 50-day moving average of $27.30 and a 200-day moving average of $25.47. The company’s market cap is $328.5 million.
Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.12. The company had revenue of $330.80 million for the quarter, compared to the consensus estimate of $343.82 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts expect that Olympic Steel will post $1.32 EPS for the current fiscal year.
Olympic Steel, Inc is a United States metals service center. The Company’s primary focus is on the direct sale and distribution of volumes of processed carbon, coated, aluminum and stainless flat-rolled sheet, coil and plate products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.