Long Position on USAP @ $39.00 on 8/19/2024 (Fundamentals)

Universal Stainless & Alloy Products, Inc. (USAP), together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. Its products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

The company offers semi-finished and finished long products in the form of ingots, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers, which are cold rolled from purchased coiled strip, flat bar, or extruded bar. It also offers conversion services on materials supplied by its customers.

The company's products are used in aerospace, power generation, oil and gas, heavy equipment, and general industrial markets. It sells its products to service centers, forgers, rerollers, and original equipment manufacturers.

The company was incorporated in 1994 and is headquartered in Bridgeville, Pennsylvania.

Entry Point: $39.00

Trading Range: $11.13 - $40.92

Stop Loss: $37.00

Target Price: $43.00

Position closed on 8/30/2024 at price of $42.25 with a 8.33% gain in 11 days.

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