NEW YORK ( TheStreet) -- Universal Stainless & Alloy Products (Nasdaq: USAP) hit a new 52-week high Friday as it is currently trading at $51.47, above its previous 52-week high of $51.29 with 2,224 shares traded as of 9:32 a.m. ET. Average volume has been 106,000 shares over the past 30 days.

Universal Stainless & Alloy has a market cap of $348.3 million and is part of the basic materials sector and metals & mining industry. Shares are up 63.1% year to date as of the close of trading on Thursday.

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 20.8, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Universal Stainless & Alloy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Universal Stainless & Alloy Ratings Report.

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