Ubiquiti (NYSE:UI) Coverage Initiated by Analysts at BWS Financial
Equities researchers at BWS Financial began coverage on shares of Ubiquiti (NYSE:UI) in a research note issued on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. ValuEngine lowered shares of Ubiquiti from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.
UI traded up $3.85 on Wednesday, hitting $123.01. The company had a trading volume of 263,167 shares, compared to its average volume of 385,853. The company has a debt-to-equity ratio of 4.68, a current ratio of 4.21 and a quick ratio of 2.73. Ubiquiti has a 52-week low of $84.30 and a 52-week high of $174.95. The firm has a market capitalization of $7.87 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22.
An institutional investor recently bought a new position in Ubiquiti stock. Denali Advisors LLC bought a new position in Ubiquiti Inc. (NYSE:UI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,800 shares of the company’s stock, valued at approximately $2,815,000. Institutional investors own 19.15% of the company’s stock.
Ubiquiti Company Profile
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
Further Reading: What is Green Investing?
Receive News & Ratings for Ubiquiti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ubiquiti and related companies with MarketBeat.com's FREE daily email newsletter.