Universal Stainless & Alloy Products (USAP) Earning Favorable Press Coverage, Analysis Shows
Media coverage about Universal Stainless & Alloy Products (NASDAQ:USAP) has trended positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Stainless & Alloy Products earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.7453958159602 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Universal Stainless & Alloy Products (NASDAQ USAP) traded up 1.21% during midday trading on Friday, hitting $18.35. 1,854 shares of the stock traded hands. The firm’s market cap is $132.63 million. Universal Stainless & Alloy Products has a 52-week low of $9.13 and a 52-week high of $20.64. The stock has a 50-day moving average of $18.68 and a 200 day moving average of $17.49.
Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The business had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $50.26 million. Universal Stainless & Alloy Products had a negative net margin of 1.20% and a negative return on equity of 0.91%. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities analysts forecast that Universal Stainless & Alloy Products will post $0.35 EPS for the current year.
USAP has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of Universal Stainless & Alloy Products in a report on Friday.
About Universal Stainless & Alloy Products
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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