News coverage about Olympic Steel (NASDAQ:ZEUS) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Olympic Steel earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 48.1202404005969 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Olympic Steel (NASDAQ:ZEUS) traded up $0.45 during trading on Wednesday, reaching $23.80. The company had a trading volume of 89,862 shares, compared to its average volume of 115,005. The stock has a market cap of $261.12, a PE ratio of 21.44, a PEG ratio of 1.55 and a beta of 1.90. Olympic Steel has a 1 year low of $15.83 and a 1 year high of $27.16. The company has a current ratio of 4.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, February 28th. Olympic Steel’s dividend payout ratio (DPR) is 7.21%.
ZEUS has been the subject of several research reports. KeyCorp reaffirmed a “hold” rating on shares of Olympic Steel in a research note on Sunday, October 22nd. Zacks Investment Research upgraded Olympic Steel from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, November 14th. Finally, BidaskClub upgraded Olympic Steel from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Olympic Steel currently has a consensus rating of “Hold” and a consensus price target of $20.50.
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Olympic Steel Company Profile
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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