Media stories about Universal Stainless & Alloy Products (NASDAQ:USAP) have been trending positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Universal Stainless & Alloy Products earned a coverage optimism score of 0.39 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.6411699970699 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several brokerages recently weighed in on USAP. KeyCorp reissued a “hold” rating on shares of Universal Stainless & Alloy Products in a report on Friday, September 1st. Zacks Investment Research lowered Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th.
Shares of Universal Stainless & Alloy Products (NASDAQ:USAP) traded up $0.25 during trading hours on Tuesday, hitting $21.25. The stock had a trading volume of 9,100 shares, compared to its average volume of 20,764. The company has a current ratio of 3.41, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. Universal Stainless & Alloy Products has a 12-month low of $11.60 and a 12-month high of $23.04.
Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Universal Stainless & Alloy Products had a negative return on equity of 0.53% and a negative net margin of 1.08%. The company had revenue of $50.90 million for the quarter, compared to analyst estimates of $51.19 million. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. research analysts anticipate that Universal Stainless & Alloy Products will post 0.2 EPS for the current fiscal year.
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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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