Olympic Steel, Inc. (NASDAQ:ZEUS – Get Rating) insider David A. Wolfort sold 2,700 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $31.14, for a total value of $84,078.00. Following the sale, the insider now directly owns 238,686 shares of the company’s stock, valued at approximately $7,432,682.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
ZEUS stock traded up $0.82 during trading on Friday, reaching $30.85. 66,282 shares of the stock traded hands, compared to its average volume of 100,302. The business’s 50 day moving average price is $35.10 and its 200-day moving average price is $27.85. Olympic Steel, Inc. has a 52-week low of $19.92 and a 52-week high of $43.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.70 and a quick ratio of 1.54. The firm has a market capitalization of $343.30 million, a PE ratio of 2.54 and a beta of 1.61.
Olympic Steel (NASDAQ:ZEUS – Get Rating) last issued its earnings results on Thursday, May 5th. The basic materials company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $1.07. Olympic Steel had a return on equity of 36.01% and a net margin of 5.36%. During the same period in the prior year, the business earned $1.97 earnings per share. On average, equities research analysts predict that Olympic Steel, Inc. will post 7.02 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Olympic Steel in the fourth quarter worth about $1,278,000. Barclays PLC lifted its stake in shares of Olympic Steel by 20.8% in the third quarter. Barclays PLC now owns 18,830 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 3,236 shares in the last quarter. KBC Group NV acquired a new position in shares of Olympic Steel in the third quarter worth about $108,000. Victory Capital Management Inc. lifted its stake in shares of Olympic Steel by 131.8% in the third quarter. Victory Capital Management Inc. now owns 10,075 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 5,728 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new position in shares of Olympic Steel in the fourth quarter worth about $199,000. 74.62% of the stock is owned by institutional investors.
Separately, StockNews.com raised Olympic Steel from a “hold” rating to a “buy” rating in a research report on Thursday.
About Olympic Steel (Get Rating)
Olympic Steel, Inc processes, distributes, and storage 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.
- Get a free copy of the StockNews.com research report on Olympic Steel (ZEUS)
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