Universal Stainless & Alloy Products Upgraded to “Neutral” by Zacks (USAP)
Universal Stainless & Alloy Products (NASDAQ:USAP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has a $33.80 price target on the stock. Zacks‘ price objective points to a potential upside of 5.56% from the company’s current price.
Universal Stainless & Alloy Products (NASDAQ:USAP) traded down 0.71% on Tuesday, hitting $32.02. 55,734 shares of the company’s stock traded hands. Universal Stainless & Alloy Products has a one year low of $19.28 and a one year high of $44.00. The stock has a 50-day moving average of $28.18 and a 200-day moving average of $31.21. The company has a market cap of $223.8 million and a price-to-earnings ratio of 53.31.
Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.05. The company had revenue of $42.89 million for the quarter, compared to the consensus estimate of $51.75 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 36.8% on a year-over-year basis. Analysts expect that Universal Stainless & Alloy Products will post $0.27 EPS for the current fiscal year.
Universal Stainless & Alloy Products, Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel and certain other alloyed steels.
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