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Olympic Steel ( (ZEUS) ) has provided an announcement.
On February 13, 2026, Olympic Steel completed its merger with Ryerson, resulting in each outstanding share of Olympic common stock being converted into 1.7105 shares of Ryerson common stock, with fractional entitlements settled in cash. In conjunction with the deal, Olympic terminated its existing credit agreement without penalty, Ryerson issued roughly 19.5 million new shares to former Olympic shareholders, Olympic’s equity and cash incentive awards were either converted, assumed or cashed out under detailed terms, its Nasdaq-listed shares were delisted and deregistration steps initiated, and its board and governing documents were fully reconstituted under Ryerson’s control.
The most recent analyst rating on (ZEUS) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on Olympic Steel stock, see the ZEUS Stock Forecast page.
Spark’s Take on ZEUS Stock
According to Spark, TipRanks’ AI Analyst, ZEUS is a Neutral.
ZEUS scores highest on financial stability and cash generation (low leverage and rising free cash flow), but the overall score is held back by weak profitability and slightly declining revenue. Technically, the uptrend is strong, yet extreme overbought signals raise pullback risk. Valuation is the biggest negative due to a high P/E with only a modest dividend yield.
To see Spark’s full report on ZEUS stock, click here.
More about Olympic Steel
Olympic Steel, Inc. is a U.S.-based metals service center business focused on processing and distributing steel and related metal products to industrial customers. The company, formerly listed on Nasdaq under the ticker ZEUS, operated within the broader metals and service center industry before its acquisition by Ryerson Holding Corp., another major metals distributor.
Average Trading Volume: 106,305
Technical Sentiment Signal: Buy
Current Market Cap: $572.5M
For a thorough assessment of ZEUS stock, go to TipRanks’ Stock Analysis page.