Focus Universal (NASDAQ:FCUV) Trading Down 13% – Here’s What Happened

Focus Universal, Inc. (NASDAQ:FCUV)’s share price fell 13% during mid-day trading on Wednesday . The stock traded as low as $3.15 and last traded at $3.29. 381,052 shares were traded during trading, an increase of 935% from the average session volume of 36,825 shares. The stock had previously closed at $3.78.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Focus Universal in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Focus Universal Price Performance

The company has a fifty day moving average of $4.94 and a 200-day moving average of $19.59. The firm has a market cap of $3.37 million, a P/E ratio of -0.62 and a beta of 0.53.

Focus Universal (NASDAQ:FCUV) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($1.64) earnings per share (EPS) for the quarter. Focus Universal had a negative return on equity of 384.96% and a negative net margin of 1,520.23%.The company had revenue of $0.00 million for the quarter.

About Focus Universal

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.