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Olympic Steel, Inc. Buyback

OLI recorded this information on 10/2/2015

Company: Olympic Steel, Inc.
Buyback: ZEUS buyback
Share Amount Authorized: 550,000
Buyback Details: Olympic Steel, Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced that its Board of Directors has authorized the repurchase of up to 550,000 shares of Olympic Steel's common stock. Olympic Steel may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated stock repurchases or open market solicitations for shares, all or some of which may be effected through Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, and limitations under the Company's credit agreement. Repurchases may be discontinued at any time.

Olympic Steel is a metals service center. Co. operates in three reportable segments: specialty metals flat products, which its product offerings include differing types of stainless flat-rolled sheet and coil and prime tin mill products; carbon flat products,which focus on the direct sale and distribution of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts; and tubular and pipe products, which distributes metal tubing, pipe, bar, valve and fittings and fabricate pressure parts supplied to various industrial markets.

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Company Name:  Olympic Steel Inc.
Stock buyback:  ZEUS buyback
Website:  www.olysteel.com
Sector:  Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding ZEUS:  50
Total Market Value Held by ETFs:  $180.20M
Total Market Capitalization:  $764.00M
% of Market Cap. Held by ETFs:  23.59%
 

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March 28, 2024    8:08 AM Eastern
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Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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