Universal Stainless & Alloy Products (NASDAQ:USAP) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a research report on Sunday, July 29th. Zacks Investment Research downgraded shares of Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Finally, Cowen set a $30.00 price target on shares of Universal Stainless & Alloy Products and gave the company a “buy” rating in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.00.

Shares of USAP stock opened at $18.71 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.07 and a quick ratio of 0.81. The company has a market cap of $163.24 million, a price-to-earnings ratio of 16.13 and a beta of 1.26. Universal Stainless & Alloy Products has a 12-month low of $18.53 and a 12-month high of $31.20.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.04). The company had revenue of $69.06 million for the quarter, compared to analyst estimates of $70.02 million. Universal Stainless & Alloy Products had a return on equity of 4.50% and a net margin of 7.20%. On average, sell-side analysts anticipate that Universal Stainless & Alloy Products will post 1.48 EPS for the current fiscal year.

In other news, VP Paul A. Mcgrath sold 5,000 shares of Universal Stainless & Alloy Products stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $28.91, for a total value of $144,550.00. Following the completion of the sale, the vice president now directly owns 24,172 shares in the company, valued at $698,812.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director M. David Kornblatt sold 2,500 shares of Universal Stainless & Alloy Products stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $29.44, for a total transaction of $73,600.00. Following the completion of the sale, the director now owns 23,655 shares of the company’s stock, valued at $696,403.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,500 shares of company stock valued at $356,700. 11.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Universal Stainless & Alloy Products by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 613,655 shares of the basic materials company’s stock valued at $14,525,000 after buying an additional 12,299 shares in the last quarter. BlackRock Inc. raised its position in shares of Universal Stainless & Alloy Products by 1,493.1% in the second quarter. BlackRock Inc. now owns 351,685 shares of the basic materials company’s stock valued at $8,324,000 after buying an additional 329,609 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Universal Stainless & Alloy Products in the second quarter valued at approximately $7,012,000. Boston Partners raised its position in shares of Universal Stainless & Alloy Products by 34.4% in the second quarter. Boston Partners now owns 280,039 shares of the basic materials company’s stock valued at $6,629,000 after buying an additional 71,682 shares in the last quarter. Finally, 22NW LP increased its stake in Universal Stainless & Alloy Products by 20.0% in the second quarter. 22NW LP now owns 217,639 shares of the basic materials company’s stock valued at $5,152,000 after acquiring an additional 36,259 shares during the last quarter. Institutional investors own 90.85% of the company’s stock.

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.

Read More: Stop Order Uses For Individual Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.