Olympic Steel (NASDAQ:ZEUS) Issues Earnings Results

Olympic Steel (NASDAQ:ZEUS) issued its quarterly earnings results on Thursday. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $526.25 million during the quarter. Olympic Steel had a return on equity of 6.39% and a net margin of 2.05%. During the same period in the previous year, the business posted $1.24 earnings per share.

Olympic Steel Price Performance

NASDAQ ZEUS traded down $2.58 on Friday, reaching $44.84. 98,013 shares of the stock traded hands, compared to its average volume of 85,612. The firm’s fifty day simple moving average is $47.36 and its 200 day simple moving average is $59.11. The company has a quick ratio of 1.21, a current ratio of 3.28 and a debt-to-equity ratio of 0.35. The company has a market cap of $499.07 million, a price-to-earnings ratio of 11.96 and a beta of 1.52. Olympic Steel has a 12 month low of $40.39 and a 12 month high of $73.49.

About Olympic Steel

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.