Shares of Olympic Steel (Nasdaq:ZEUS) were gapping up Friday morning with an open price 11.1% higher than Thursday's closing price. The stock closed at $27.67 yesterday and opened today's trading at $30.73.
NEW YORK ( TheStreet) -- Shares of Olympic Steel (Nasdaq: ZEUS) were gapping up Friday morning with an open price 11.1% higher than Thursday's closing price. The stock closed at $27.67 Thursday and opened today's trading at $30.73. The average volume for Olympic has been 73,400 shares per day over the past 30 days. Olympic has a market cap of $303.6 million and is part of the services sector and wholesale industry. Shares are down 3.5% year to date as of the close of trading on Thursday. Olympic Steel, Inc. engages in the processing and distribution of processed carbon, coated, aluminum and stainless flat-rolled sheet, and coil and plate steel products in the United States. The company has a P/E ratio of 139.2, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.9. TheStreet Ratings rates Olympic as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Olympic Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.