Universal Stainless & Alloy Products (NASDAQ:USAP)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.05 and traded as high as $17.34. Universal Stainless & Alloy Products shares last traded at $17.08, with a volume of 505 shares trading hands.

Several brokerages recently issued reports on USAP. ValuEngine lowered Yirendai from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Saturday, July 13th.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 4.36. The business’s 50 day moving average price is $15.21. The stock has a market cap of $147.15 million, a price-to-earnings ratio of 13.72 and a beta of 1.57.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). Universal Stainless & Alloy Products had a return on equity of 3.39% and a net margin of 3.03%. The company had revenue of $60.27 million during the quarter, compared to analysts’ expectations of $65.41 million. As a group, sell-side analysts forecast that Universal Stainless & Alloy Products will post 1.2 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Universal Stainless & Alloy Products by 322.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,776 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,356 shares during the last quarter. Rhumbline Advisers purchased a new position in Universal Stainless & Alloy Products during the fourth quarter worth approximately $186,000. Municipal Employees Retirement System of Michigan purchased a new position in Universal Stainless & Alloy Products during the fourth quarter worth approximately $229,000. Assenagon Asset Management S.A. purchased a new position in Universal Stainless & Alloy Products during the first quarter worth approximately $270,000. Finally, Wedge Capital Management L L P NC boosted its position in Universal Stainless & Alloy Products by 26.8% during the first quarter. Wedge Capital Management L L P NC now owns 19,542 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 4,133 shares in the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.

About Universal Stainless & Alloy Products (NASDAQ:USAP)

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.

Read More: Cost of Goods Sold (COGS)

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