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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.

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