Universal Stainless & Alloy Products Inc (USAP): Christopher L Ayers , director of Universal Stainless & Alloy Products Inc purchased 285 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.39 per share for a total value of $3,244.73 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Douglas M Dunn (director) purchased 285 shares at $11.39 per share price.On May 12, 2016, M. David Kornblatt (director) purchased 285 shares at $11.39 per share price.Also, On May 12, 2016, Udi Toledano (director) purchased 285 shares at $11.39 per share price.On Mar 8, 2016, Christopher M Zimmer (Exec VP & Chief Commercial Ofc) purchased 2,245 shares at $7.43 per share price.
Shares of Universal Stainless & Alloy Products (USAP) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.47 points or -3.72% at $12.18 with 69,426 shares getting traded. Post opening the session at $12.63, the shares hit an intraday low of $11.88 and an intraday high of $12.91 and the price vacillated in this range throughout the day. The company has a market cap of $91 M and the number of outstanding shares has been calculated to be 74,89,746 shares. The 52-week high of Universal Stainless & Alloy Products is $21.7999 and the 52-week low is $6.1.
Universal Stainless & Alloy Products Inc. manufactures and markets semi-finished and finished specialty steel products including stainless steel nickel alloys tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting remelting heat treating hot and cold rolling forging machining and cold drawing of semi-finished and finished specialty steels. The Company’s products are sold to service centers forgers rerollers original equipment manufacturers (OEMs) and wire redrawers. The Company also performs conversion services on materials supplied by customers. The Company’s products are manufactured in a range of grades and melt qualities including argon oxygen decarburization (AOD) electro-slag remelted (ESR) vacuum induction melting (VIM) and vacuum-arc remelted (VAR).