Fab Universal Director Acquires $42,500 in Stock (FU)
Fab Universal (NYSE:FU) Director James Rogers, Jr. acquired 10,000 shares of the stock on the open market in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $4.25 per share, with a total value of $42,500.00. Following the completion of the transaction, the director now directly owns 59,060 shares of the company’s stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FU. Analysts at TheStreet downgraded shares of Fab Universal (NYSE:FU) from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 2nd. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Fab Universal (NYSE:FU) in a research note to investors on Friday, August 16th. They now have a $10.00 price target on the stock.
Fab Universal (NYSE:FU) traded up 1.90% on Friday, hitting $4.28. The stock had a trading volume of 203,528 shares. Fab Universal has a 52-week low of $2.25 and a 52-week high of $5.70. The stock has a 50-day moving average of $4.24 and a 200-day moving average of $3.8. The company has a market cap of $89.0 million and a price-to-earnings ratio of 12.43.
Fab Universal (NYSE:FU) last announced its earnings results on Wednesday, August 14th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.13. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $870.20 million.
FAB Universal Corp., formerly Wizzard Software Corporation, operates in three segments: Software, Healthcare and Media Services.
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