Universal Stainless & Alloy Products (USAP) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Universal Stainless & Alloy Products (NASDAQ:USAP) from a hold rating to a sell rating in a research note published on Saturday morning.

USAP has been the subject of several other reports. BidaskClub cut Universal Stainless & Alloy Products from a buy rating to a hold rating in a report on Saturday, August 11th. Zacks Investment Research cut Universal Stainless & Alloy Products from a buy rating to a hold rating in a report on Thursday, October 18th. Finally, Cowen assumed coverage on Universal Stainless & Alloy Products in a report on Tuesday, August 14th. They set an outperform rating and a $33.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $30.00.

Shares of USAP traded down $1.61 during midday trading on Friday, reaching $18.71. The stock had a trading volume of 85,159 shares, compared to its average volume of 60,643. Universal Stainless & Alloy Products has a 12-month low of $18.53 and a 12-month high of $31.20. The company has a current ratio of 4.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $163.24 million, a P/E ratio of 16.13 and a beta of 1.26.



Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its earnings results on Wednesday, October 24th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $69.06 million for the quarter, compared to analysts’ expectations of $70.02 million. Universal Stainless & Alloy Products had a net margin of 7.20% and a return on equity of 4.50%. On average, equities research analysts predict that Universal Stainless & Alloy Products will post 1.48 EPS for the current year.

In related news, VP Christopher M. Zimmer sold 5,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the sale, the vice president now directly owns 23,574 shares in the company, valued at approximately $653,235.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director M. David Kornblatt sold 2,500 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $29.44, for a total value of $73,600.00. Following the sale, the director now owns 23,655 shares of the company’s stock, valued at $696,403.20. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock valued at $356,700 over the last 90 days. 11.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Universal Stainless & Alloy Products by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 601,356 shares of the basic materials company’s stock worth $16,537,000 after buying an additional 37,227 shares during the period. Millennium Management LLC purchased a new stake in Universal Stainless & Alloy Products in the 1st quarter worth approximately $2,022,000. Penn Capital Management Co. Inc. purchased a new stake in Universal Stainless & Alloy Products in the 2nd quarter worth approximately $676,000. Hood River Capital Management LLC purchased a new stake in Universal Stainless & Alloy Products in the 2nd quarter worth approximately $7,012,000. Finally, Emerald Advisers Inc. PA purchased a new stake in Universal Stainless & Alloy Products in the 2nd quarter worth approximately $414,000. Institutional investors own 90.85% of the company’s stock.

Universal Stainless & Alloy Products Company Profile

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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