Olympic Steel Inc (NASDAQ: ZEUS). Extremely important negative changes in investment behavior have recently occurred: its longer term price trend turned down, and negative upside/downside volume developed.
Notable negative changes in Olympic Steel Inc (NASDAQ: ZEUS) fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ZEUS is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Olympic Steel has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Olympic Steel has a neutral Appreciation Score of 50 and a neutral Power Rating of 51, leading to the Neutral Value Trend Rating.
Recent Price Action
Olympic Steel Inc (NASDAQ: ZEUS) stock closed at $50.00 on 6/7/24 after a slight decline of -0.1%. NORMAL trading volume accompanied the decline. The stock has declined -3.3% during the last week but has been strong relative to the market over the last nine months.
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