Stock Rating Downgrade
In recent days the Value Trend Rating for Olympic Steel Inc (NASDAQ: ZEUS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/20/24, Olympic Steel Inc (NASDAQ: ZEUS) stock increased 1.1%, closing at $53.70. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.6% 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 C (High Neutral). 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 48 but a good Power Rating of 72, leading to the High Neutral Value Trend Rating.
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