Shares of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) traded down 0% on Friday . The company traded as low as $24.22 and last traded at $24.53. 505,097 shares were traded during trading, an increase of 1,278% from the average session volume of 36,661 shares. The stock had previously closed at $24.53.
A number of analysts have weighed in on the company. ValuEngine raised Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised Universal Stainless & Alloy Products from a “sell” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Thursday, January 25th.
Get Universal Stainless & Alloy Products alerts:The company has a quick ratio of 0.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $199.00 million, a price-to-earnings ratio of 58.28 and a beta of 0.99.
Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings data on Wednesday, April 25th. The basic materials company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Universal Stainless & Alloy Products had a return on equity of 1.88% and a net margin of 5.46%. The company had revenue of $63.74 million during the quarter. research analysts predict that Universal Stainless & Alloy Products, Inc. will post 1.28 EPS for the current year.
In related news, Chairman Dennis M. Oates acquired 1,059 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $23.61 per share, with a total value of $25,002.99. Following the transaction, the chairman now owns 95,369 shares of the company’s stock, valued at $2,251,662.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.60% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Universal Stainless & Alloy Products during the 1st quarter worth approximately $150,000. Wells Fargo & Company MN raised its stake in shares of Universal Stainless & Alloy Products by 195.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,666 shares of the basic materials company’s stock worth $143,000 after buying an additional 4,406 shares in the last quarter. Element Capital Management LLC purchased a new position in shares of Universal Stainless & Alloy Products during the 1st quarter worth approximately $213,000. Tibra Equities Europe Ltd purchased a new position in shares of Universal Stainless & Alloy Products during the 1st quarter worth approximately $421,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Universal Stainless & Alloy Products during the 4th quarter worth approximately $364,000. 87.13% of the stock is owned by institutional investors and hedge funds.
About Universal Stainless & Alloy Products
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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