Universal American Rises On Unusually High Volume (UAM)

NEW YORK ( TheStreet) -- Universal American (NYSE: UAM) is trading at unusually high volume Thursday with 1.3 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up 31 cents (+2.8%) at $11.24 as of 1:19 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 down 14% year to date as of the close of trading on Wednesday.

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 9.6, 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.

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