The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) is a huge mover today! About 156,156 shares traded hands or 31.33% up from the average. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 17.55% since April 20, 2016 and is uptrending. It has outperformed by 12.99% the S&P500.
The move comes after 9 months positive chart setup for the $272.45M company. It was reported on Nov, 22 by Barchart.com. We have $25.36 PT which if reached, will make NASDAQ:ZEUS worth $8.17 million more.
Olympic Steel, Inc. (NASDAQ:ZEUS) Ratings Coverage
Out of 3 analysts covering Olympic Steel Inc (NASDAQ:ZEUS), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Olympic Steel Inc has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Wednesday, January 13. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) has “Buy” rating given on Monday, August 24 by Jefferies. KeyBanc Capital Markets downgraded the shares of ZEUS in a report on Friday, August 19 to “Underweight” rating. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, September 21. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, September 19. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Hold” rating by Jefferies on Monday, March 21. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, November 8.
According to Zacks Investment Research, “OLYMPIC STEEL INC. is a specialized steel service center that processes and distributes flat- rolled carbon, stainless and tubular steel products. Co. operates as an intermediary between steel producers and manufacturers that require processed steel for their operations. Co. purchases flat-rolled steel typically from steel producers and responds to its customers’ needs by processing steel to customer specifications and by providing critical inventory and just-in-time delivery services.”
Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.67, from 1.81 in 2016Q1. The ratio dived, as 8 funds sold all Olympic Steel, Inc. shares owned while 29 reduced positions. 31 funds bought stakes while 36 increased positions. They now own 7.84 million shares or 10.14% more from 7.12 million shares in 2016Q1.
Nationwide Fund accumulated 0% or 38,660 shares. Strs Ohio last reported 24,500 shares in the company. Jacobs Levy Equity, a New Jersey-based fund reported 33,687 shares. Blackrock Grp Ltd has invested 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). The Pennsylvania-based Vanguard Grp has invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). Principal Financial Gru accumulated 0% or 64,882 shares. Millennium Management Ltd Liability has invested 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). The New Jersey-based Kcg has invested 0.01% in Olympic Steel, Inc. (NASDAQ:ZEUS). Pnc Financial Service Gp reported 14,431 shares or 0% of all its holdings. Cornerstone Capital Mgmt Ltd Liability has invested 0.01% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). Dimensional Fund Lp accumulated 0.01% or 928,343 shares. Ny State Teachers Retirement System last reported 0% of its portfolio in the stock. The Massachusetts-based Rhumbline Advisers has invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). Geode Cap Ltd Liability Corporation holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 75,289 shares. Metropolitan Life Ins Co New York, a New York-based fund reported 6,859 shares.
More news for Olympic Steel, Inc. (NASDAQ:ZEUS) were recently published by: Crainscleveland.com, which released: “Olympic Steel Inc. names Andrew Greiff as EVP, chief operating officer” on August 24, 2016. Marketwatch.com‘s article titled: “Virtual Stock Exchange” and published on January 30, 2011 is yet another important article.
ZEUS Company Profile
Olympic Steel, Inc., incorporated on April 25, 1978, is a metals service center. The Firm provides metals processing and distribution services for a range of customers. The Firm operates through three divisions: carbon flat products, specialty metals flat products, and tubular and pipe products. The Firm also performs toll processing of customer-owned metals. It sells certain products internationally, primarily in Canada, Puerto Rico and Mexico. The Firm maintains an inventory of carbon, stainless and aluminum coil, plate and sheet products, and tubular and pipe products. Coil is in the form of a continuous sheet, typically 36 to 96 inches wide, between 0.015 and 0.625 inches thick, and rolled into 10 to 30 ton coils.
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