Headlines about Universal Stainless & Alloy Products (NASDAQ:USAP) have been trending positive on Monday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Stainless & Alloy Products earned a coverage optimism score of 0.40 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 44.9294186274848 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Universal Stainless & Alloy Products (USAP) traded down $0.18 on Monday, reaching $21.00. 3,800 shares of the company’s stock were exchanged, compared to its average volume of 20,814. The company has a quick ratio of 0.77, a current ratio of 3.41 and a debt-to-equity ratio of 0.40. Universal Stainless & Alloy Products has a one year low of $11.60 and a one year high of $23.04.
Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $50.90 million during the quarter, compared to analysts’ expectations of $51.19 million. Universal Stainless & Alloy Products had a negative net margin of 1.08% and a negative return on equity of 0.53%. The company’s revenue was up 28.2% on a year-over-year basis. research analysts anticipate that Universal Stainless & Alloy Products will post 0.2 earnings per share for the current year.
USAP has been the subject of a number of research reports. KeyCorp restated a “hold” rating on shares of Universal Stainless & Alloy Products in a research report on Friday, September 1st. Zacks Investment Research cut shares of Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th.
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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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