News articles about Olympic Steel (NASDAQ:ZEUS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olympic Steel earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.3932079000311 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Financial Survey: Mechel PAO (MTL) & Olympic Steel (ZEUS) (americanbankingnews.com)
- Olympic Steel Promotes David J. Gea to Regional Vice President (finance.yahoo.com)
- Olympic Steel, Inc. (ZEUS) Expected to Earn FY2017 Earnings of $1.29 Per Share (americanbankingnews.com)
- Head to Head Survey: Nucor Corporation (NUE) versus Olympic Steel (ZEUS) (americanbankingnews.com)
- Comparing Olympic Steel (ZEUS) and SunCoke Energy Partners, L.P. (SXCP) (americanbankingnews.com)
Olympic Steel (ZEUS) traded up $0.01 during trading on Monday, hitting $19.40. 56,600 shares of the stock traded hands, compared to its average volume of 108,253. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.54 and a current ratio of 4.23. The stock has a market cap of $212.85, a PE ratio of 19.60, a P/E/G ratio of 1.98 and a beta of 1.77. Olympic Steel has a 12-month low of $15.83 and a 12-month high of $28.67.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, November 30th. Olympic Steel’s dividend payout ratio (DPR) is currently 7.21%.
Several research analysts have commented on ZEUS shares. Zacks Investment Research raised shares of Olympic Steel from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. KeyCorp reissued a “hold” rating on shares of Olympic Steel in a report on Tuesday, September 19th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.33.
In related news, COO Andrew S. Greiff acquired 3,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $62,125.00. Following the transaction, the chief operating officer now owns 9,021 shares in the company, valued at approximately $160,122.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 18.29% of the company’s stock.
About Olympic Steel
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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