Notable Price Action: Is Buying Stock Like Universal Stainless & Alloy Products After Such Increase Winning Strategy?

Notable Price Action: Is Buying Stock Like Universal Stainless & Alloy Products After Such Increase Winning Strategy?

The stock of Universal Stainless & Alloy Products (NASDAQ:USAP) is a huge mover today! The stock increased 3.45% or $0.41 on November 25, hitting $12.3. About 55,543 shares traded hands or 238.26% up from the average. Universal Stainless & Alloy Products (NASDAQ:USAP) has risen 8.49% since April 22, 2016 and is uptrending. It has outperformed by 3.08% the S&P500.
The move comes after 7 months positive chart setup for the $86.75M company. It was reported on Nov, 25 by Barchart.com. We have $13.04 PT which if reached, will make NASDAQ:USAP worth $5.21 million more.

Analysts await Universal Stainless & Alloy Products (NASDAQ:USAP) to report earnings on January, 25. They expect $0.05 EPS, up 119.23% or $0.31 from last year’s $-0.26 per share. USAP’s profit will be $352,642 for 61.50 P/E if the $0.05 EPS becomes a reality. After $-0.07 actual EPS reported by Universal Stainless & Alloy Products for the previous quarter, Wall Street now forecasts -171.43% EPS growth.

According to Zacks Investment Research, “UNIVERSAL STAINLESS & ALLOY is a mini-mill that manufactures and markets semi-finished specialty steels, including stainless steel, tool steels and other alloy steels. It also provides conversion services on materials supplied by customers that lack certain of the Company’s production facilities or that are subject to their own capacity constraints.”

Insitutional Activity: The institutional sentiment increased to 1.27 in Q2 2016. Its up 0.05, from 1.22 in 2016Q1. The ratio is positive, as 6 funds sold all Universal Stainless & Alloy Products shares owned while 12 reduced positions. 11 funds bought stakes while 11 increased positions. They now own 5.66 million shares or 0.52% more from 5.63 million shares in 2016Q1.
Sei Investments holds 0% of its portfolio in Universal Stainless & Alloy Products (NASDAQ:USAP) for 28 shares. Boston Partners reported 84,108 shares or 0% of all its holdings. Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 490,429 shares. Pennant Mgmt Ltd Co holds 0.19% of its portfolio in Universal Stainless & Alloy Products (NASDAQ:USAP) for 682,194 shares. Eam Limited Co owns 112,036 shares or 0.18% of their US portfolio. First Manhattan Co, a New York-based fund reported 5,405 shares. Vanguard Group accumulated 0% or 227,493 shares. Tfs Capital Ltd accumulated 12,017 shares or 0.02% of the stock. Blackrock Invest Mngmt Limited has 1,263 shares for 0% of their US portfolio. Blackrock Advisors Limited Liability Com has invested 0% of its portfolio in Universal Stainless & Alloy Products (NASDAQ:USAP). Fmr Ltd Company holds 0% or 83,600 shares in its portfolio. Morgan Stanley has invested 0% of its portfolio in Universal Stainless & Alloy Products (NASDAQ:USAP). Price Michael F has 297,500 shares for 0.43% of their US portfolio. Blackrock Institutional Trust Na reported 2,287 shares or 0% of all its holdings. Bankshares Of Ny Mellon Corp, a New York-based fund reported 21,776 shares.

More notable recent Universal Stainless & Alloy Products (NASDAQ:USAP) news were published by: Quotes.Wsj.com which released: “News Universal Stainless & Alloy Products Inc.USAP” on February 11, 2011, also Blogs.Wsj.com with their article: “CFO Moves: AH Belo, Universal Stainless & Alloy Products, US Auto Parts Network” published on March 24, 2015, Seekingalpha.com published: “Universal Stainless & Alloy Products’ (USAP) CEO Dennis Oates on Q3 2016 …” on October 26, 2016. More interesting news about Universal Stainless & Alloy Products (NASDAQ:USAP) were released by: Seekingalpha.com and their article: “Universal Stainless & Alloy Products Stuck Between The Hammer And The Anvil” published on February 16, 2016 as well as Equitiesfocus.com‘s news article titled: “Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Quarterly EPS From …” with publication date: November 25, 2016.

USAP Company Profile

Universal Stainless & Alloy Products, Inc., incorporated on June 27, 1994, and its subsidiaries, manufacture and market 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. The Company’s products are sold to service centers, forgers, rerollers, original equipment manufacturers (OEMs) and wire redrawers. The Firm also performs conversion services on materials supplied by customers. The Company’s clients further process its products for use in a range of industries, including the aerospace, power generation, gas and oil, heavy equipment and general industrial markets. It also performs conversion services on materials supplied by customers. It operates in four locations: Bridgeville and Titusville, Pennsylvania; Dunkirk, New York, and North Jackson, Ohio.

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