When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
USAP - Universal Stainless & Alloy Products Badly Needs To Regain Momentum With Its Premium Alloy Offerings
Universal Stainless & Alloy Products Inc.
Despite strong demand growth in end markets like aerospace and oil/gas, specialty alloy producers like Universal Stainless & Alloy Products (USAP) have underperformed the S&P 500 by a wide margin. USAP has been particularly weak, with the stock down more than 45% over the past year versus roughly 20% to 25% declines for Allegheny (ATI), Carpenter Technology (CRS), and Haynes (HAYN), as USAP's progress in boosting its premium mix has stalled out, tool steel demand has shrunk significantly, and margins have underwhelmed on disappointing volumes and price/cost