Olympic Steel Inc (NASDAQ: ZEUS) suffers from exceptional negative changes in investment behavior: its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent notable negative changes in fundamentals have impacted Olympic Steel Inc (NASDAQ: ZEUS): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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
Olympic Steel has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Olympic Steel has a good Appreciation Score of 72 but a very low Power Rating of 15, producing the Negative Value Trend Rating.
Recent Price Action
Olympic Steel Inc (NASDAQ: ZEUS) stock closed at $33.81 on 12/20/24 after a decline of -2.4%. Moreover, trading volume in this decline was exceptionally high at 273% of normal. The stock has declined -16.5% during the last week and has been extremely weak relative to the market over the last nine months.
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