Universal American Stock Falls On Unusually High Volume (UAM)
Universal American (NYSE:UAM) is trading at unusually high volume Wednesday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading down $1.97 (-14.6%).
NEW YORK ( TheStreet) -- Universal American (NYSE: UAM) is trading at unusually high volume Wednesday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading down $1.97 (-14.6%) at $11.57 as of 12:20 p.m. ET. Universal American has a market cap of $966.2 million and is part of the health care sector and health services industry. Shares are up 6.5% year to date as of the close of trading on Tuesday. Universal American Corp. provides health insurance and managed care products and services to the senior population in the United States. The company has a P/E ratio of 9.2, above the average health services industry P/E ratio of 5.3 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal American as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Universal American Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.