Olympic Steel (NASDAQ:ZEUS) has been upgraded from Underweight to Sector Weight in a statement by KeyBanc earlier today.
- Updated: September 19, 2016
KeyBanc has upgraded Olympic Steel(NASDAQ:ZEUS) from Underweight to Sector Weight in a report released on 9/19/2016.
Having a price of $18.49, Olympic Steel (NASDAQ:ZEUS) traded 0.00% even on the day. With the last close down 16.08% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Olympic Steel has recorded a 50-day moving average of $23.03 and two hundred day average of $22.03. Trade volume was was down over the average, with 0 shares of ZEUS changing hands under the typical 156,884 shares.
Recent Performance Graph:
With a market capitalization of $0.0, Olympic Steel has a price-earnings of 0 with a 52 week low of $7.98 and a 52 week high of $31.19.
Also covering Olympic Steel’s price target, a total of 2 firms have released a research note on the stock. The 12-month target stock price is $13.00 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the stock as sell.
More About Olympic Steel (NASDAQ:ZEUS)
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. The Company’s specialty metals flat products segment’s focus is on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products and fabricated parts. The Company’s tubular and pipe products segment consists of the Chicago Tube and Iron Company (CTI) business. Through its tubular and pipe products segment, it distributes metals tubing, pipe, bar, valve and fittings, and and fabricate pressure parts supplied to various industrial markets.
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