UTG (OTCMKTS:UTGN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of UTG Inc. (OTCMKTS:UTGN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $54.82 and traded as low as $48.69. UTG shares last traded at $51.00, with a volume of 1,498 shares changing hands.

UTG Stock Performance

The firm’s 50-day moving average price is $56.66 and its two-hundred day moving average price is $54.82. The stock has a market cap of $160.14 million, a price-to-earnings ratio of 9.41 and a beta of 0.10.

UTG (OTCMKTS:UTGN) last announced its quarterly earnings results on Wednesday, March 25th. The insurance provider reported ($1.32) earnings per share for the quarter. The firm had revenue of ($0.30) million for the quarter. UTG had a net margin of 48.60% and a return on equity of 7.49%.

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. In addition, it offers reinsurance products. UTG, Inc was founded in 1966 and is headquartered in Stanford, Kentucky.