News stories about Universal Stainless & Alloy Products (NASDAQ:USAP) have trended positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Stainless & Alloy Products earned a media sentiment score of 0.35 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.054235291673 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages have recently weighed in on USAP. ValuEngine upgraded shares of Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Universal Stainless & Alloy Products from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 24th.
NASDAQ USAP traded up $0.51 during mid-day trading on Friday, hitting $30.30. The company’s stock had a trading volume of 8,999 shares, compared to its average volume of 39,928. Universal Stainless & Alloy Products has a 52-week low of $16.21 and a 52-week high of $31.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.66 and a current ratio of 3.25. The firm has a market capitalization of $217.87, a price-to-earnings ratio of 375.13 and a beta of 0.99.
Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings results on Wednesday, January 24th. The basic materials company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.07). Universal Stainless & Alloy Products had a net margin of 4.09% and a return on equity of 0.33%. The business had revenue of $50.30 million during the quarter, compared to analysts’ expectations of $47.17 million. During the same quarter in the previous year, the business posted ($0.22) EPS. The company’s quarterly revenue was up 47.1% on a year-over-year basis. sell-side analysts forecast that Universal Stainless & Alloy Products will post 1.2 EPS for the current fiscal year.
In other Universal Stainless & Alloy Products news, Chairman Dennis M. Oates purchased 1,059 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $23.61 per share, for a total transaction of $25,002.99. Following the completion of the acquisition, the chairman now owns 95,369 shares of the company’s stock, valued at approximately $2,251,662.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.60% of the company’s stock.
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About Universal Stainless & Alloy Products
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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