Universal Stainless & Alloy Products (NASDAQ:USAP) Earning Positive Press Coverage, Study Finds

Press coverage about Universal Stainless & Alloy Products (NASDAQ:USAP) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Stainless & Alloy Products earned a daily sentiment score of 0.42 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 44.6513311107708 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, 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 note on Thursday, January 25th.

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Shares of Universal Stainless & Alloy Products stock opened at $27.52 on Thursday. The stock has a market capitalization of $205.53, a P/E ratio of 27.07 and a beta of 1.08. Universal Stainless & Alloy Products has a one year low of $13.51 and a one year high of $31.20. The company has a quick ratio of 0.66, a current ratio of 3.25 and a debt-to-equity ratio of 0.39.

Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings data on Wednesday, January 24th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $50.30 million during the quarter, compared to the consensus estimate of $47.17 million. Universal Stainless & Alloy Products had a net margin of 4.09% and a return on equity of 0.33%. Universal Stainless & Alloy Products’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) earnings per share. sell-side analysts predict that Universal Stainless & Alloy Products will post 1.2 earnings per share for the current fiscal year.

In related news, Chairman Dennis M. Oates acquired 1,059 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $23.61 per share, with a total value of $25,002.99. Following the purchase, the chairman now directly owns 95,369 shares of the company’s stock, valued at $2,251,662.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.60% of the stock is owned by company insiders.

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Universal Stainless & Alloy Products Company Profile

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.

Insider Buying and Selling by Quarter for Universal Stainless & Alloy Products (NASDAQ:USAP)

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