NEW YORK ( TheStreet) -- Shares of Universal Stainless & Alloy Products (Nasdaq: USAP) have taken a tremendous swing upward. The stock is trading at $35.91 as of 2:22 p.m. ET, 20.3% above Friday's closing price of $29.85. Volume is at 28,188, 0.4 times the daily average of 65,400. Universal Stainless & Alloy has a market cap of $228.4 million and is part of the basic materials sector and metals & mining industry. Shares are down 4.6% year to date as of the close of trading on Friday. 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 12.5, below the average metals & mining industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7. 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 and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Universal Stainless & Alloy Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Markets
Beyond Pricey? Our Reporters Try the Beyond Meat Burger, Talk Business Model
Is Beyond Meat's burger enough to convince investors to invest in the company? TheStreet conducted a taste test to see what the hype is about.
Fiat Chrysler Automobiles and Renault Reportedly in Talks
The Financial Times and the Wall Street Journal report the two car makers are in talks for a 'tie-up.'
Kass: 3 Spots of Vulnerability I Would Avoid in This Market
I suggest avoiding all three over the next few months and over the remainder of the year.
Legg Mason to Cut 120 Jobs as Reality Bites With Activist Peltz on Board
An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.
Buy Alibaba Shares on the Dip, Says Stifel, Adding It to Select List
Stifel says long-term trends working in Alibaba's favor are more significant than the trade war between the U.S. and China.