Universal Stainless & Alloy Prod (NASDAQ: USAP) has reported earnings for its second fiscal quarter (ending June 30) of $0.96 versus $0.10 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.90 compared to $-0.51 a year ago.
Recent Price Action
On 7/31/24, Universal Stainless & Alloy Prod (NASDAQ: USAP) stock enjoyed a major increase of 14.0%, closing at $37.52. Moreover, exceptionally high trading volume at 318% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 23.1% during the last week.
Current PriceTarget Research Rating
USAP is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Universal Stainless & Alloy Prod has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Universal Stainless & Alloy Prod has a slightly negative Appreciation Score of 38 but a very high Power Rating of 99, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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