.jpg "Universal Stainless & Alloy Products (NASDAQ: USAP)")
Today, a Director at Universal Stainless & Alloy Products (NASDAQ: USAP), David M. Kornblatt, sold shares of USAP for $119.6K.
Following David M. Kornblatt’s last USAP Sell transaction on May 12, 2016, the stock climbed by 13.0%. This is Kornblatt’s first Sell trade following 3 Buy transactions.
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Based on Universal Stainless & Alloy Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $63.74 million and quarterly net profit of $2.13 million. In comparison, last year the company earned revenue of $48.88 million and had a GAAP net loss of $1.22 million. USAP’s market cap is $181.1M and the company has a P/E ratio of 16.96. Currently, Universal Stainless & Alloy Products has an average volume of 135.3K.
In the last 30 days, insiders have sold $119.6K worth of USAP shares and purchased $56K worth of USAP shares.
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Universal Stainless & Alloy Products, Inc. engages in the manufacture and marketing of semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels.
