Zacks: Universal Stainless & Alloy Products, Inc. (USAP) Receives Average Rating of “Hold” from Brokerages

Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Universal Stainless & Alloy Products’ rating score has declined by 20% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Zacks has also given Universal Stainless & Alloy Products an industry rank of 170 out of 265 based on the ratings given to its competitors.

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Several brokerages recently weighed in on USAP. ValuEngine upgraded Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut Universal Stainless & Alloy Products from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 24th.

In other Universal Stainless & Alloy Products news, Chairman Dennis M. Oates acquired 1,059 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $23.61 per share, for a total transaction of $25,002.99. Following the acquisition, the chairman now owns 95,369 shares in the company, valued at approximately $2,251,662.09. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its holdings in Universal Stainless & Alloy Products by 154.8% in the 3rd quarter. Nationwide Fund Advisors now owns 6,273 shares of the basic materials company’s stock worth $131,000 after buying an additional 3,811 shares during the period. Wells Fargo & Company MN raised its position in shares of Universal Stainless & Alloy Products by 195.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,666 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 4,406 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Universal Stainless & Alloy Products by 1,400.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,500 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 7,000 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Universal Stainless & Alloy Products in the 3rd quarter worth approximately $172,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Universal Stainless & Alloy Products in the 4th quarter worth approximately $364,000. Institutional investors and hedge funds own 86.10% of the company’s stock.

USAP stock traded down $0.13 during trading on Monday, hitting $29.70. 24,052 shares of the company traded hands, compared to its average volume of 40,226. The stock has a market capitalization of $216.56, a PE ratio of 372.88 and a beta of 0.99. Universal Stainless & Alloy Products has a 1 year low of $16.21 and a 1 year high of $31.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.25 and a quick ratio of 0.66.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its 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 company had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $47.17 million. Universal Stainless & Alloy Products had a net margin of 4.09% and a return on equity of 0.33%. The company’s revenue was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.22) earnings per share. analysts anticipate that Universal Stainless & Alloy Products will post 1.2 EPS for the current 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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