Olympic Steel, Inc. (NASDAQ:ZEUS) Director Arthur F. Anton acquired 10,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was acquired at an average cost of $23.37 per share, with a total value of $233,700.00. Following the completion of the purchase, the director now directly owns 28,778 shares in the company, valued at $672,541.86. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Olympic Steel opened at $22.66 on Friday, MarketBeat reports. Olympic Steel, Inc. has a 52 week low of $16.58 and a 52 week high of $25.84. The firm has a market capitalization of $257.49 million, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.75. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.67 and a quick ratio of 1.37.

Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Olympic Steel had a net margin of 2.04% and a return on equity of 9.63%. The business had revenue of $453.00 million during the quarter, compared to analysts’ expectations of $445.00 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue was up 27.2% on a year-over-year basis. research analysts expect that Olympic Steel, Inc. will post 2.98 EPS for the current fiscal year.

A number of brokerages have commented on ZEUS. ValuEngine cut shares of Olympic Steel from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub cut shares of Olympic Steel from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th.

Several institutional investors have recently added to or reduced their stakes in ZEUS. SG Americas Securities LLC bought a new stake in shares of Olympic Steel in the 1st quarter worth about $109,000. Sun Life Financial INC bought a new stake in shares of Olympic Steel in the 2nd quarter worth about $171,000. Engineers Gate Manager LP bought a new stake in shares of Olympic Steel in the 1st quarter worth about $399,000. Algert Global LLC lifted its holdings in shares of Olympic Steel by 42.5% in the 1st quarter. Algert Global LLC now owns 19,830 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 5,910 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Olympic Steel by 96.3% in the 1st quarter. New York State Common Retirement Fund now owns 21,197 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 10,397 shares during the last quarter. Hedge funds and other institutional investors own 65.78% of the company’s stock.

About Olympic Steel

Olympic Steel, Inc processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

Further Reading: Average Daily Trade Volume – ADTV

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