Universal Stainless & Alloy Products Inc. (USAP) was among the biggest gainers on the Russell 2000 for Monday March 07 as the stock popped 18.86% to $9.77, representing a gain of $1.55 per share. Some 43,646 shares traded hands on 275 trades, compared with an average daily volume of 41,358 shares out of a total float of 7.48 million. The stock opened at $8.06 and traded with an intraday range of $9.78 to $8.06.

After today's gains, Universal Stainless & Alloy Products Inc. reached a market cap of $73.05 million. Universal Stainless & Alloy Products Inc. has had a trading range between $28.41 and $6.10 over the last year, and it had a 50-day SMA of $7.83 and a 200-day SMA of $11.98.

Universal Stainless & Alloy Products, Inc. and its wholly owned subsidiaries, manufactures and markets semi-finished and finished specialty steel products. It offers stainless steel, nickel alloys, tool steel and certain other premium alloyed steels.

Universal Stainless & Alloy Products Inc. is based out of Bridgeville, PA and has some 634 employees. Its CEO is Dennis M. Oates.

For a complete fundamental analysis analysis of Universal Stainless & Alloy Products Inc., check out Equities.com’s Stock Valuation Analysis report for USAP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

 

Source :equities.com

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