United Co.s (TSE:UNC) Stock Passes Below 50-Day Moving Average – Here’s What Happened

United Co.s Limited (TSE:UNCGet Free Report)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$15.18 and traded as low as C$14.30. United Co.s shares last traded at C$14.30, with a volume of 1,800 shares traded.

United Co.s Stock Performance

The company has a market capitalization of C$1.61 billion, a PE ratio of 4.61 and a beta of 0.00. The firm has a 50 day simple moving average of C$15.18 and a two-hundred day simple moving average of C$14.60.

About United Co.s

(Get Free Report)

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. Short-term volatility is expected and tolerated. Management remains confident that the Companys investment strategy will reward shareholders over the long-term.The investment portfolio of the Company comprises primarily foreign equities. Net equity value and net investment income may vary significantly from period to period depending on the economic environment and market conditions.

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