Universal American Corp. Reaches New 12-Month Low at $6.83 (UAM)
Universal American Corp. (NYSE:UAM)’s share price set a new 52-week low during trading on Monday, Analyst Ratings News reports. The stock traded as low as $6.83 and last traded at $6.85, with a volume of 121,813 shares. The stock had previously closed at $7.05.
Separately, analysts at Zacks upgraded shares of Universal American Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, January 13th. They now have a $7.30 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.83.
Universal American Corp. has a 52 week low of $6.85 and a 52 week high of $11.13. The stock’s 50-day moving average is $7.24 and its 200-day moving average is $7.81. The company’s market cap is $585.1 million.
Universal American Corp. (NYSE:UAM) last announced its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.15. The company had revenue of $520.20 million for the quarter, compared to the consensus estimate of $529.11 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Universal American Corp. will post $0.09 EPS for the current fiscal year.
Universal American Corp., through its health insurance and managed care subsidiaries, primarily serves the growing Medicare population by providing Medicare Advantage products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.