UTG (OTCMKTS:UTGN) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• UTG Inc.'s share price recently crossed above its fifty day moving average of $42.18, reaching a high of $45.80 during trading.
• The company reported a quarterly earnings loss of ($0.56) per share with revenues of $3.39 million, reflecting a return on equity of 20.73% and a net margin of 55.51%.
• UTG, an insurance holding company, focuses on individual life insurance products and also engages in the acquisition and administration of insurance businesses.

UTG Inc. (OTCMKTS:UTGN - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $42.18 and traded as high as $45.80. UTG shares last traded at $45.08, with a volume of 892 shares.

UTG Trading Up 0.2%

The business has a 50-day moving average price of $42.18 and a two-hundred day moving average price of $37.10. The firm has a market capitalization of $142.05 million, a price-to-earnings ratio of 3.19 and a beta of 0.28.

UTG (OTCMKTS:UTGN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The insurance provider reported ($0.56) earnings per share for the quarter. The company had revenue of $3.39 million for the quarter. UTG had a return on equity of 20.73% and a net margin of 55.51%.

About UTG

UTG, Inc, an insurance holding company, provides individual life insurance products and services in the United States. Its individual life insurance includes servicing of existing insurance business in-force; the acquisition of other companies in the insurance business; and the administration processing of life insurance business for other entities.

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