Wed Sep 25 03:18:53 UTC 2024: ## Olympic Steel Receives “Buy” Rating from StockNews.com

**Cleveland, OH – September 24, 2024** – Olympic Steel, Inc. (NASDAQ: ZEUS) received a positive upgrade from research analysts at StockNews.com, moving from a “hold” rating to a “buy” rating. The news was announced in a research note issued to investors on Tuesday.

Shares of Olympic Steel saw an increase of $0.66 during midday trading on Tuesday, reaching $38.53. The company’s trading volume was 273,134 shares, surpassing its average volume of 115,477.

The company, known for its processing, distribution, and storage of metal products in North America, reported strong earnings results on August 1st. Olympic Steel surpassed analysts’ consensus estimates, reporting $0.60 earnings per share (EPS) for the quarter, exceeding expectations by $0.05. Revenue for the quarter reached $526.25 million.

Olympic Steel operates in three segments: Carbon Flat Products, Specialty Metals Flat Products, and Tubular and Pipe Products. Its diverse product offering includes stainless steel, aluminum, alloy, coated metals, hot rolled carbon, and various tubing and pipe products.

Investors and analysts are encouraged to follow Olympic Steel’s performance in the coming months, particularly given the “buy” rating from StockNews.com. The company’s strong earnings results and the positive outlook from analysts suggest a potential for growth in the future.

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