Olympic Steel Inc (NASDAQ: ZEUS) stock enjoyed a major increase of 11.4% on 11/6/24. The shares closed at $41.74. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 12.3% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Olympic Steel has a neutral Appreciation Score of 58 but a very low Power Rating of 14, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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