Shares of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) have received an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Zacks has also given Universal Stainless & Alloy Products an industry rank of 100 out of 265 based on the ratings given to related companies.

A number of brokerages recently commented on USAP. KeyCorp reaffirmed a “hold” rating on shares of Universal Stainless & Alloy Products in a research note on Thursday, November 16th. Zacks Investment Research cut Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th.

A number of large investors have recently bought and sold shares of USAP. Nationwide Fund Advisors grew its stake in Universal Stainless & Alloy Products by 154.8% in the third quarter. Nationwide Fund Advisors now owns 6,273 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 3,811 shares during the period. JPMorgan Chase & Co. grew its stake in Universal Stainless & Alloy Products by 1,400.0% in the third quarter. JPMorgan Chase & Co. now owns 7,500 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 7,000 shares during the period. Macquarie Group Ltd. acquired a new position in Universal Stainless & Alloy Products in the third quarter valued at about $172,000. Smith Moore & CO. acquired a new position in Universal Stainless & Alloy Products in the third quarter valued at about $250,000. Finally, Shufro Rose & Co. LLC acquired a new position in Universal Stainless & Alloy Products in the second quarter valued at about $277,000. 85.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Universal Stainless & Alloy Products (USAP) traded up $0.26 during trading on Monday, hitting $20.86. The company had a trading volume of 1,800 shares, compared to its average volume of 21,091. 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 twelve month low of $11.31 and a twelve month high of $23.04.

Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates 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 business had revenue of $50.90 million during the quarter, compared to analysts’ expectations of $51.19 million. Universal Stainless & Alloy Products’s revenue for the quarter was up 28.2% on a year-over-year basis. equities research analysts anticipate that Universal Stainless & Alloy Products will post 0.2 earnings per share 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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