Universal Stainless & Alloy Products (NASDAQ:USAP) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03), Fidelity Earnings reports. Universal Stainless & Alloy Products had a negative net margin of 14.00% and a negative return on equity of 6.72%.
NASDAQ USAP traded down $0.16 on Thursday, reaching $11.29. The stock had a trading volume of 150 shares, compared to its average volume of 28,968. The firm has a 50 day simple moving average of $10.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.60 and a quick ratio of 1.13. Universal Stainless & Alloy Products has a 1 year low of $5.12 and a 1 year high of $12.47. The company has a market capitalization of $100.37 million, a P/E ratio of -4.50 and a beta of 1.55.
Separately, Zacks Investment Research upgraded Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, June 30th.
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. Its products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. The company offers semi-finished and finished long products in the form of ingots, blooms, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (OEMs), which are cold rolled from purchased coiled strip, flat bar, or extruded bar.
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