Positive Press Coverage Somewhat Unlikely to Affect Universal Stainless & Alloy Products (USAP) Share Price

News articles about Universal Stainless & Alloy Products (NASDAQ:USAP) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Stainless & Alloy Products earned a media sentiment score of 0.40 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.2081842122283 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Universal Stainless & Alloy Products (NASDAQ:USAP) traded up $0.26 during midday trading on Monday, reaching $22.86. 25,800 shares of the company were exchanged, compared to its average volume of 18,989. The firm has a market capitalization of $165.24, a PE ratio of -87.92 and a beta of 0.90. Universal Stainless & Alloy Products has a 52-week low of $11.60 and a 52-week high of $23.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 3.41.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Universal Stainless & Alloy Products had a negative net margin of 1.08% and a negative return on equity of 0.53%. The company had revenue of $50.90 million during the quarter, compared to analysts’ expectations of $51.19 million. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. analysts forecast that Universal Stainless & Alloy Products will post 0.2 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Universal Stainless & Alloy Products in a research note on Sunday, October 15th.

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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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