Universal Entertainment (OTCMKTS:UETMF) Trading 0.6% Higher - Still a Buy?

Key Points

• Universal Entertainment Corp. saw a 0.6% increase in share price, trading at $7.25 with a significant uptick in volume, indicating increased investor interest.
• The company has a market capitalization of $561.80 million and a PE ratio of -5.66, suggesting potential concerns regarding profitability.
• Universal Entertainment operates in the amusement equipment and integrated resort sectors, including a casino resort in the Philippines called OKADA MANILA.

Universal Entertainment Corp. (OTCMKTS:UETMF - Get Free Report) was up 0.6% during mid-day trading on Thursday . The company traded as high as $7.25 and last traded at $7.25. Approximately 100 shares were traded during mid-day trading, an increase of 19,900% from the average daily volume of 1 shares. The stock had previously closed at $7.21.

Universal Entertainment Stock Down 12.2%

The company has a market cap of $493.30 million, a PE ratio of -4.97 and a beta of 0.55. The business has a 50-day simple moving average of $7.17 and a 200-day simple moving average of $6.98.

Universal Entertainment Company Profile

Universal Entertainment Corporation, together with its subsidiaries, manufactures, develops, and sells pachislot and pachinko machines in Japan, Philippines, and internationally. The company operates in two segments, Amusement Equipment Business, and Integrated Resort Business. The company also develops and provides Falcon X, a peripheral system; Hot Stadium, a digital signage system; Universal Kingdom, a membership website for Android; and Slots Street, a social casino game; as well as operates OKADA MANILA, a casino resort in the Philippines.