Universal Stainless & Alloy Products Inc. (USAP) Drops 7.81% on January 06

Equities Staff |

Universal Stainless & Alloy Products Inc. (USAP) was one of the Russell 2000's biggest losers for Wednesday January 06 as the stock slid 7.81% to $8.50, a loss of $-0.72 per share. Starting at an opening price of $9.00 a share, the stock traded between $8.41 and $9.02 over the course of the trading day. Volume was 30,268 shares over 132 trades, against an average daily volume of 49,303 shares and a total float of 7.1 million.

The losses send Universal Stainless & Alloy Products Inc. down to a market cap of $60.37 million. In the last year, Universal Stainless & Alloy Products Inc. has traded between $28.41 and $8.01, and its 50-day SMA is currently $9.84 and 200-day SMA is $15.28.

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 714 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.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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