Zacks Investment Research downgraded Olympic Steel, Inc. (NASDAQ:ZEUS) to Sell in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded Olympic Steel, Inc.(NASDAQ:ZEUS) to Sell in a statement released on 9/20/2016.
Only yesterday Olympic Steel, Inc. (NASDAQ:ZEUS) traded 0.46% lower at $19.34. The company’s 50-day average is $21.89 and its 200-day average is $22.23. With the last close down 12.60% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. Trade volume was down over the average, with 92,519 shares of ZEUS changing hands under the typical 158,478 shares..
Recent Performance Chart:
Olympic Steel, Inc. has a 52 week low of $7.98 and a one-year high of $31.19. The company’s market cap is currently $0.0.
A total of 2 equity analysts have issued a ratings update on the stock. Zero rate the company a strong buy, 0 rate the company a buy, 0 firms rate the stock a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with a 12-month target stock price of $13.00
General Information About Olympic Steel, Inc. (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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