UTG (OTCMKTS:UTGN) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• UTG Inc. (OTCMKTS:UTGN) shares have dropped below their fifty-day moving average of $44.84, trading at $44.00 with a volume of 850 shares on Friday.
• The company reported a quarterly loss of ($0.56) earnings per share and generated $3.39 million in revenue, alongside a net margin of 55.51%.
• UTG has a market capitalization of $138.60 million and a notably low P/E ratio of 3.11, indicating potential undervaluation in the market.

UTG Inc. (OTCMKTS:UTGN - Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $44.84 and traded as low as $44.00. UTG shares last traded at $44.00, with a volume of 850 shares changing hands.

UTG Stock Performance

The firm has a market capitalization of $138.60 million, a P/E ratio of 3.11 and a beta of 0.26. The stock's 50 day simple moving average is $44.84 and its 200 day simple moving average is $39.69.

UTG (OTCMKTS:UTGN - Get Free Report) last posted 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 net margin of 55.51% and a return on equity of 20.73%.

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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