The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) is a huge mover today! About 107,242 shares traded hands. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 30.28% since April 14, 2016 and is uptrending. It has outperformed by 25.60% the S&P500.
The move comes after 5 months negative chart setup for the $250.29 million company. It was reported on Nov, 16 by Barchart.com. We have $20.07 PT which if reached, will make NASDAQ:ZEUS worth $30.03M less.
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. As per Monday, September 21, the company rating was downgraded by KeyBanc Capital Markets. The firm earned “Underweight” rating on Friday, August 19 by KeyBanc Capital Markets. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Buy” rating by Jefferies on Monday, August 24. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Hold” rating by Jefferies on Monday, March 21. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) has “Sector Weight” rating given on Monday, September 19 by KeyBanc Capital Markets. As per Tuesday, November 8, the company rating was downgraded by Macquarie Research. Jefferies reinitiated Olympic Steel, Inc. (NASDAQ:ZEUS) on Wednesday, January 13 with “Buy” rating.
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 increased to 1.81 in 2016 Q2. Its up 0.28, from 1.53 in 2016Q1. The ratio improved, 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.
Renaissance Technologies Ltd Co has 80,300 shares for 0% of their US portfolio. Diam has 0.01% invested in the company for 12,944 shares. Cornerstone Capital Llc has invested 0.01% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). State Teachers Retirement reported 26,469 shares or 0% of all its holdings. Nationwide Fund last reported 38,660 shares in the company. Blackrock Fund Advsr has 0% invested in the company for 613,315 shares. The Ontario – Canada-based Manufacturers Life Ins Com The has invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). D E Shaw And Incorporated has invested 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). Parametric Port has 0% invested in the company for 24,583 shares. Millennium Mgmt Ltd Liability holds 0% or 7,802 shares in its portfolio. Moreover, Hillsdale Inv Mgmt Incorporated has 0.11% invested in Olympic Steel, Inc. (NASDAQ:ZEUS) for 14,400 shares. South Dakota Invest Council, a South Dakota-based fund reported 62,860 shares. Springbok Management Limited Liability accumulated 0.03% or 7,118 shares. California State Teachers Retirement Sys accumulated 19,224 shares or 0% of the stock. State Street Corporation owns 199,608 shares or 0% of their US portfolio.
More recent Olympic Steel, Inc. (NASDAQ:ZEUS) news were published by: Crainscleveland.com which released: “Olympic Steel Inc. names Andrew Greiff as EVP, chief operating officer” on August 24, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on January 30, 2011. Businesswire.com‘s news article titled: “Company Profile for Olympic Steel, Inc.” with publication date: October 02, 2015 was also an interesting one.
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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