Universal Stainless & Alloy Products Inc. (USAP, Financial) experienced a notable stock drop of 5.52%, with shares trading at $37.50 each. The trading volume reached 61,541 shares, reflecting a turnover rate of 0.67% and a volatility amplitude of 4.43%.
Recent financial reports indicate that USAP achieved a revenue of $82.76 million and a net profit of $8.87 million, translating to an earnings per share (EPS) of $0.96. The company's gross profit stood at $21.01 million, with a price-to-earnings (P/E) ratio of 20.81 times. Currently, no institutional ratings for buying, holding, or selling USAP shares have been provided.
The steel industry's overall decline was 0.86%. Notable performers within the sector include Huadi International, ZK International, and Inno Holdings Inc., which registered significant gains. Cliffs Natural Resources, U.S. Steel, and Huadi International were active with turnover rates of 1.33%, 1.04%, and 0.93%, respectively. Stocks with significant volatility were Huadi International, ZK International, and Hongli, with amplitudes of 17.11%, 12.00%, and 10.22%, respectively.
Universal Stainless & Alloy Products Inc specializes in the production and sale of specialty steel semi-finished and finished products, including stainless steel, nickel alloys, tool steel, and other alloy steels. The company and its subsidiaries engage in melting, remelting, heat treating, hot and cold rolling, forging, machining, and cold drawing of these materials.
