Olympic Steel (ZEUS) Rating Increased to Buy at BidaskClub

Olympic Steel (NASDAQ:ZEUS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Olympic Steel in a research note on Friday, November 24th. Zacks Investment Research cut Olympic Steel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.50.

Olympic Steel (NASDAQ ZEUS) opened at $23.82 on Friday. Olympic Steel has a one year low of $15.83 and a one year high of $27.16. The stock has a market capitalization of $256.18, a price-to-earnings ratio of 21.46, a P/E/G ratio of 1.60 and a beta of 1.90. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.54 and a current ratio of 4.23.

A number of hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP lifted its stake in Olympic Steel by 12.4% in the fourth quarter. Two Sigma Investments LP now owns 33,307 shares of the basic materials company’s stock valued at $716,000 after buying an additional 3,676 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Olympic Steel by 38.7% in the fourth quarter. Guggenheim Capital LLC now owns 148,243 shares of the basic materials company’s stock valued at $3,185,000 after buying an additional 41,326 shares during the last quarter. Deutsche Bank AG lifted its stake in Olympic Steel by 7.5% in the fourth quarter. Deutsche Bank AG now owns 32,295 shares of the basic materials company’s stock valued at $693,000 after buying an additional 2,264 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Olympic Steel by 9.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 48,500 shares of the basic materials company’s stock valued at $1,043,000 after buying an additional 4,200 shares during the last quarter. Finally, Thrivent Financial For Lutherans bought a new stake in Olympic Steel in the fourth quarter valued at $610,000. Institutional investors own 67.81% of the company’s stock.

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Olympic Steel Company Profile

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.

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