Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06, MarketWatch Earnings reports. Universal Stainless & Alloy Products had a negative net margin of 1.20% and a negative return on equity of 0.91%. The firm had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $50.26 million. The company’s quarterly revenue was up 28.3% compared to the same quarter last year.
Shares of Universal Stainless & Alloy Products (NASDAQ:USAP) traded down 3.30% during midday trading on Monday, reaching $17.88. The company’s stock had a trading volume of 16,130 shares. Universal Stainless & Alloy Products has a 1-year low of $9.13 and a 1-year high of $20.64. The company’s 50-day moving average price is $19.26 and its 200 day moving average price is $17.34. The firm’s market capitalization is $129.24 million.
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Separately, Zacks Investment Research cut shares of Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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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