UTG (OTCMKTS:UTGN) Stock Crosses Above Fifty Day Moving Average – Here’s Why

UTG Inc. (OTCMKTS:UTGNGet Free Report)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $54.61 and traded as high as $55.00. UTG shares last traded at $55.00, with a volume of 1,000 shares traded.

UTG Trading Down 3.5%

The company has a market cap of $172.70 million, a P/E ratio of 6.26 and a beta of 0.11. The firm’s 50 day moving average price is $54.61 and its 200-day moving average price is $55.74.

UTG (OTCMKTS:UTGNGet Free Report) last released its earnings results on Wednesday, May 13th. The insurance provider reported $7.42 EPS for the quarter. UTG had a net margin of 48.60% and a return on equity of 11.75%. The firm had revenue of $36.49 million during the quarter.

About UTG

(Get Free Report)

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.

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