Important negative changes in Olympic Steel Inc (NASDAQ: ZEUS) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Olympic Steel Inc (NASDAQ: ZEUS). Important negative changes in investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Olympic Steel has a neutral Appreciation Score of 58 but a very low Power Rating of 7, resulting in the Negative Value Trend Rating.
Recent Price Action
On 11/8/24, Olympic Steel Inc (NASDAQ: ZEUS) stock increased 1.4%, closing at $40.92. However, exceptionally low trading volume at 44% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 14.0% during the last week.
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