Shares of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Universal Stainless & Alloy Products’ rating score has declined by 20% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Zacks has also assigned Universal Stainless & Alloy Products an industry rank of 120 out of 265 based on the ratings given to its competitors.
USAP has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Universal Stainless & Alloy Products in a research note on Sunday, October 15th.
Shares of Universal Stainless & Alloy Products (USAP) traded down $1.45 during mid-day trading on Monday, hitting $24.12. 41,038 shares of the stock traded hands, compared to its average volume of 28,789. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 3.41. Universal Stainless & Alloy Products has a 12 month low of $11.60 and a 12 month high of $26.70. The stock has a market cap of $184.83, a price-to-earnings ratio of 25.01 and a beta of 1.12.
Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings data on Wednesday, January 24th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The company had revenue of $50.30 million for the quarter, compared to the consensus estimate of $47.17 million. Universal Stainless & Alloy Products had a return on equity of 0.34% and a net margin of 4.09%. The business’s revenue was up 47.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) earnings per share. equities research analysts anticipate that Universal Stainless & Alloy Products will post 1.1 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in USAP. Nationwide Fund Advisors increased its holdings in Universal Stainless & Alloy Products by 154.8% during the third quarter. Nationwide Fund Advisors now owns 6,273 shares of the basic materials company’s stock valued at $131,000 after buying an additional 3,811 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Universal Stainless & Alloy Products by 1,400.0% in the third quarter. JPMorgan Chase & Co. now owns 7,500 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 7,000 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Universal Stainless & Alloy Products in the third quarter worth $172,000. Smith Moore & CO. purchased a new stake in shares of Universal Stainless & Alloy Products in the third quarter worth $250,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Universal Stainless & Alloy Products in the fourth quarter worth $364,000. 85.35% of the stock is owned by institutional investors and hedge funds.
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Universal Stainless & Alloy Products Company Profile
Universal Stainless & Alloy Products, Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.
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