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

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

Zacks has also given Universal Stainless & Alloy Products an industry rank of 115 out of 265 based on the ratings given to related companies.

Several analysts have recently issued reports on USAP shares. KeyCorp reiterated a “hold” rating on shares of Universal Stainless & Alloy Products in a research note on Sunday, October 15th. Zacks Investment Research lowered shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th.

Universal Stainless & Alloy Products (USAP) traded up $1.16 during midday trading on Monday, hitting $26.36. 54,153 shares of the stock traded hands, compared to its average volume of 18,496. Universal Stainless & Alloy Products has a 12-month low of $11.60 and a 12-month high of $26.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 3.41. The company has a market cap of $190.54, a price-to-earnings ratio of 25.84 and a beta of 0.90.

Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its earnings results on Wednesday, January 24th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.07). Universal Stainless & Alloy Products had a return on equity of 0.34% and a net margin of 4.09%. The firm had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.17 million. During the same quarter in the previous year, the company earned ($0.22) EPS. The business’s revenue was up 47.1% compared to the same quarter last year. equities analysts forecast that Universal Stainless & Alloy Products will post 1.1 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of USAP. Nationwide Fund Advisors grew its position in Universal Stainless & Alloy Products by 154.8% during the third quarter. Nationwide Fund Advisors now owns 6,273 shares of the basic materials company’s stock valued at $131,000 after buying an additional 3,811 shares during the period. JPMorgan Chase & Co. grew its position in Universal Stainless & Alloy Products by 1,400.0% during the third quarter. JPMorgan Chase & Co. now owns 7,500 shares of the basic materials company’s stock valued at $155,000 after buying an additional 7,000 shares during the period. Macquarie Group Ltd. bought a new position in Universal Stainless & Alloy Products during the third quarter valued at about $172,000. Smith Moore & CO. bought a new position in Universal Stainless & Alloy Products during the third quarter valued at about $250,000. Finally, Northern Trust Corp grew its position in Universal Stainless & Alloy Products by 5.3% during the second quarter. Northern Trust Corp now owns 65,934 shares of the basic materials company’s stock valued at $1,286,000 after buying an additional 3,317 shares during the period. Institutional investors own 85.49% of the company’s stock.

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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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