UNITE Group (OTCMKTS:UTGPF) Hits New 52-Week Low – What’s Next?

UNITE Group PLC (OTCMKTS:UTGPF – Get Free Report) hit a new 52-week low on Monday. The company traded as low as $6.65 and last traded at $6.65, with a volume of 3026 shares. The stock had previously closed at $6.6893.

Analyst Ratings Changes

UTGPF has been the topic of several recent analyst reports. Citigroup cut UNITE Group from an “overweight” rating to a “hold” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UNITE Group in a research report on Thursday, July 9th. Oddo Bhf downgraded shares of UNITE Group to a “neutral” rating in a research note on Tuesday, August 4th. Finally, Barclays lowered shares of UNITE Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, UNITE Group currently has an average rating of “Hold”.

View Our Latest Stock Report on UNITE Group

UNITE Group Price Performance

The firm has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27.

UNITE Group Company Profile

(Get Free Report)

UNITE Group plc, operating as Unite Students, is a United Kingdom-based company that develops, owns and manages purpose-built student accommodation. Its properties are designed primarily for university students and typically include furnished bedrooms, shared living spaces, study areas, social facilities and on-site support services.

The company provides accommodation to students attending universities across major towns and cities in the UK. Its business combines property development and investment with the operation of student residences, and it works with university partners as well as directly with students through its booking and accommodation services.

UNITE Group was founded in 1991 and has grown into one of the prominent providers of purpose-built student accommodation in the UK.

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