NEW YORK ( TheStreet) -- Universal Stainless & Alloy Products (Nasdaq: USAP) hit a new 52-week high Tuesday as it is currently trading at $41.98, above its previous 52-week high of $41.76 with 10,828 shares traded as of 9:37 a.m. ET. Average volume has been 59,700 shares over the past 30 days. Universal Stainless & Alloy has a market cap of $255.1 million and is part of the basic materials sector and metals & mining industry. Shares are up 30% year to date as of the close of trading on Monday. Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel, and certain other alloyed steels primarily in the United States. The company has a P/E ratio of 15.2, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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