Universal Stainless & Alloy Products (NASDAQ:USAP) Releases Earnings Results

Universal Stainless & Alloy Products (NASDAQ:USAP) posted its earnings results on Wednesday. The basic materials company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.01, MarketWatch Earnings reports. Universal Stainless & Alloy Products had a negative return on equity of 1.32% and a negative net margin of 1.70%. The firm had revenue of $52.48 million for the quarter, compared to analysts’ expectations of $47.89 million.

Shares of NASDAQ USAP opened at $7.19 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 4.44. Universal Stainless & Alloy Products has a 1 year low of $5.84 and a 1 year high of $18.18. The firm’s 50 day moving average price is $8.08 and its 200 day moving average price is $9.30.

USAP has been the topic of several research analyst reports. ValuEngine upgraded Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research downgraded shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th.

About Universal Stainless & Alloy Products

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.

Recommended Story: How do analysts define an oversold condition?

Earnings History for Universal Stainless & Alloy Products (NASDAQ:USAP)

Receive News & Ratings for Universal Stainless & Alloy Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Stainless & Alloy Products and related companies with MarketBeat.com's FREE daily email newsletter.