Universal Stainless & Alloy Products (NASDAQ:USAP) VP Christopher M. Zimmer bought 1,049 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $23.61 per share, for a total transaction of $24,766.89. Following the completion of the acquisition, the vice president now directly owns 22,972 shares in the company, valued at approximately $542,368.92. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Universal Stainless & Alloy Products (NASDAQ USAP) opened at $25.25 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 3.25 and a debt-to-equity ratio of 0.39. Universal Stainless & Alloy Products has a fifty-two week low of $11.60 and a fifty-two week high of $28.08. The stock has a market cap of $190.43, a P/E ratio of 327.88 and a beta of 1.12.
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 Zacks’ consensus estimate of $0.06 by ($0.07). Universal Stainless & Alloy Products had a net margin of 4.09% and a return on equity of 0.33%. The business had revenue of $50.30 million during the quarter, compared to analyst estimates of $47.17 million. During the same quarter last year, the business earned ($0.22) earnings per share. Universal Stainless & Alloy Products’s revenue for the quarter was up 47.1% on a year-over-year basis. sell-side analysts predict that Universal Stainless & Alloy Products will post 1.1 EPS for the current fiscal year.
Several brokerages have commented on USAP. KeyCorp restated a “hold” rating on shares of Universal Stainless & Alloy Products in a report on Thursday, November 16th. Zacks Investment Research upgraded shares of Universal Stainless & Alloy Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th.
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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.
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