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The latest announcement is out from Olympic Steel ( (ZEUS) ).
On October 28, 2025, Olympic Steel agreed to merge with Ryerson Holding Corporation via a transaction in which a Ryerson subsidiary will be merged into Olympic Steel, leaving Olympic as the surviving entity wholly owned by Ryerson, with shareholder approval to be sought at a special meeting scheduled for February 12, 2026. Following the filing of a joint proxy statement/prospectus for the deal, Olympic Steel and Ryerson received multiple shareholder demand letters and two lawsuits in New York state court alleging inadequate disclosure around the financial analyses supporting the merger; while both companies deny any wrongdoing or deficiencies, they have chosen to voluntarily provide detailed supplemental disclosures on the valuation work by financial advisors KeyBanc Capital Markets and Houlihan Lokey to reduce litigation risk and avoid delays to closing, a move aimed at shoring up shareholder confidence and smoothing the regulatory and voting process for the transaction.
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 company operating in the steel and metals distribution and processing industry, offering flat-rolled, coil and plate products and related services to industrial and manufacturing customers. The company is in the process of being acquired by Ryerson Holding Corporation, a larger metals service center operator, through a merger in which Olympic Steel will become a wholly owned subsidiary of Ryerson, reflecting ongoing consolidation in the sector.
Average Trading Volume: 121,127
Technical Sentiment Signal: Buy
Current Market Cap: $541.6M
See more insights into ZEUS stock on TipRanks’ Stock Analysis page.