Universal Stainless & Alloy Products, Inc. (USAP) Given Consensus Rating of “Hold” by Analysts

Shares of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Universal Stainless & Alloy Products’ rating score has declined by 20% in the last 90 days as a result of a number of analysts’ ratings changes.

Zacks has also given Universal Stainless & Alloy Products an industry rank of 103 out of 265 based on the ratings given to related companies.

USAP has been the topic of several research reports. Zacks Investment Research raised Universal Stainless & Alloy Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. KeyCorp reaffirmed a “hold” rating on shares of Universal Stainless & Alloy Products in a research report on Thursday, November 16th.

Hedge funds have recently modified their holdings of the business. Smith Moore & CO. acquired a new position in Universal Stainless & Alloy Products in the 3rd quarter worth about $250,000. Dimensional Fund Advisors LP increased its position in Universal Stainless & Alloy Products by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 526,129 shares of the basic materials company’s stock worth $10,260,000 after purchasing an additional 24,035 shares during the last quarter. Foundry Partners LLC increased its position in Universal Stainless & Alloy Products by 8.4% in the 3rd quarter. Foundry Partners LLC now owns 272,350 shares of the basic materials company’s stock worth $5,678,000 after purchasing an additional 21,050 shares during the last quarter. Boston Partners increased its position in Universal Stainless & Alloy Products by 70.5% in the 3rd quarter. Boston Partners now owns 216,200 shares of the basic materials company’s stock worth $4,508,000 after purchasing an additional 89,400 shares during the last quarter. Finally, Royce & Associates LP increased its position in Universal Stainless & Alloy Products by 36.1% in the 3rd quarter. Royce & Associates LP now owns 386,578 shares of the basic materials company’s stock worth $8,060,000 after purchasing an additional 102,579 shares during the last quarter. 86.29% of the stock is currently owned by institutional investors.

Universal Stainless & Alloy Products (NASDAQ USAP) traded up $2.10 during trading hours on Wednesday, reaching $26.50. The company had a trading volume of 70,963 shares, compared to its average volume of 37,942. The firm has a market capitalization of $176.37, a price-to-earnings ratio of 25.98 and a beta of 1.12. Universal Stainless & Alloy Products has a 52-week low of $11.60 and a 52-week high of $26.75. 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 (NASDAQ:USAP) last posted its quarterly earnings results on Wednesday, January 24th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $50.30 million for the quarter, compared to analyst estimates of $47.17 million. Universal Stainless & Alloy Products had a net margin of 4.09% and a return on equity of 0.34%. The firm’s quarterly revenue was up 47.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) earnings per share. sell-side analysts anticipate that Universal Stainless & Alloy Products will post 1.1 earnings per share for the current year.

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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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