Universal Stainless & Alloy Products Inc. (NASDAQ:USAP) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned Universal Stainless & Alloy Products an industry rank of 93 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th.

Universal Stainless & Alloy Products (NASDAQ:USAP) traded up 0.16% during midday trading on Wednesday, hitting $12.37. The stock had a trading volume of 25,517 shares. The company’s market cap is $89.14 million. Universal Stainless & Alloy Products has a 52 week low of $6.10 and a 52 week high of $13.65. The stock’s 50 day moving average price is $10.67 and its 200-day moving average price is $11.01.

Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its quarterly earnings results on Wednesday, October 26th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.08. The business had revenue of $39.70 million for the quarter, compared to the consensus estimate of $42.16 million. Universal Stainless & Alloy Products had a negative net margin of 4.71% and a negative return on equity of 2.81%. Equities research analysts predict that Universal Stainless & Alloy Products will post ($0.43) earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in USAP. Thomson Horstmann & Bryant Inc. raised its stake in Universal Stainless & Alloy Products by 131.6% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 293,830 shares of the company’s stock valued at $3,202,000 after buying an additional 166,940 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Universal Stainless & Alloy Products by 52.5% in the third quarter. Ameriprise Financial Inc. now owns 406,531 shares of the company’s stock valued at $4,264,000 after buying an additional 139,901 shares during the last quarter. EAM Investors LLC purchased a new stake in Universal Stainless & Alloy Products during the second quarter valued at about $1,221,000. Emerald Acquisition Ltd. purchased a new stake in Universal Stainless & Alloy Products during the second quarter valued at about $771,000. Finally, Dimensional Fund Advisors LP raised its stake in Universal Stainless & Alloy Products by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 490,429 shares of the company’s stock valued at $5,346,000 after buying an additional 12,440 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

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Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc and its subsidiaries, manufacture and market semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s product lines include Stainless Steel, High-Strength Low Alloy Steel, Tool Steel and High-Temperature Alloy Steel.

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