Universal Stainless & Alloy Products (NASDAQ:USAP) Lifted to “Hold” at ValuEngine

Universal Stainless & Alloy Products (NASDAQ:USAP) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

A number of other equities analysts have also recently commented on USAP. Zacks Investment Research cut Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Cowen set a $22.00 price objective on Universal Stainless & Alloy Products and gave the company a “buy” rating in a research note on Wednesday, August 7th.

USAP traded up $0.96 during trading on Wednesday, hitting $17.36. 14,508 shares of the stock traded hands, compared to its average volume of 48,034. Universal Stainless & Alloy Products has a twelve month low of $12.53 and a twelve month high of $29.39. The company has a market cap of $152.56 million, a price-to-earnings ratio of 14.23 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.36 and a quick ratio of 1.09. The business has a 50 day moving average price of $15.74 and a 200 day moving average price of $15.69.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The business had revenue of $71.00 million during the quarter, compared to analyst estimates of $67.36 million. Universal Stainless & Alloy Products had a net margin of 3.03% and a return on equity of 3.39%. On average, equities research analysts predict that Universal Stainless & Alloy Products will post 1.03 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of USAP. Dimensional Fund Advisors LP increased its position in Universal Stainless & Alloy Products by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 729,467 shares of the basic materials company’s stock worth $11,825,000 after purchasing an additional 5,312 shares in the last quarter. Royce & Associates LP boosted its position in Universal Stainless & Alloy Products by 27.3% in the first quarter. Royce & Associates LP now owns 621,066 shares of the basic materials company’s stock valued at $10,291,000 after buying an additional 133,117 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Universal Stainless & Alloy Products by 10.5% in the second quarter. Russell Investments Group Ltd. now owns 488,059 shares of the basic materials company’s stock valued at $7,805,000 after buying an additional 46,469 shares in the last quarter. Vanguard Group Inc. boosted its position in Universal Stainless & Alloy Products by 15.5% in the second quarter. Vanguard Group Inc. now owns 454,766 shares of the basic materials company’s stock valued at $7,276,000 after buying an additional 61,163 shares in the last quarter. Finally, Minerva Advisors LLC grew its stake in shares of Universal Stainless & Alloy Products by 16.1% during the second quarter. Minerva Advisors LLC now owns 448,489 shares of the basic materials company’s stock worth $7,158,000 after buying an additional 62,315 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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