Universal Stainless & Alloy Products (USAP) Rating Increased 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 report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a report on Sunday, July 29th. Zacks Investment Research raised Universal Stainless & Alloy Products from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Wednesday, July 25th. Finally, Cowen set a $30.00 price target on Universal Stainless & Alloy Products and gave the company a “buy” rating in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

USAP opened at $21.44 on Friday. The company has a market cap of $187.06 million, a PE ratio of 18.48 and a beta of 1.51. The company has a current ratio of 4.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. Universal Stainless & Alloy Products has a twelve month low of $18.01 and a twelve month high of $31.20.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.04). The business had revenue of $69.06 million for the quarter, compared to the consensus estimate of $70.02 million. Universal Stainless & Alloy Products had a net margin of 7.20% and a return on equity of 4.50%. As a group, analysts anticipate that Universal Stainless & Alloy Products will post 1.48 earnings per share for the current year.

In related news, VP Christopher M. Zimmer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $27.71, for a total transaction of $138,550.00. Following the transaction, the vice president now owns 23,574 shares in the company, valued at $653,235.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of USAP. Dimensional Fund Advisors LP increased its stake in shares of Universal Stainless & Alloy Products by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 601,356 shares of the basic materials company’s stock valued at $16,537,000 after acquiring an additional 37,227 shares during the period. Millennium Management LLC acquired a new position in shares of Universal Stainless & Alloy Products during the first quarter valued at approximately $2,022,000. Penn Capital Management Co. Inc. acquired a new position in shares of Universal Stainless & Alloy Products during the second quarter valued at approximately $676,000. Hood River Capital Management LLC acquired a new position in shares of Universal Stainless & Alloy Products during the second quarter valued at approximately $7,012,000. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Universal Stainless & Alloy Products during the second quarter valued at approximately $414,000. Institutional investors and hedge funds own 90.47% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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