United Insurance Holdings Corp (UIHC) is Trading Lower on Unusual Volume for December 21

Equities Staff |

United Insurance Holdings Corp (UIHC) experienced unusually high volume on Dec. 21, as the stock lost 6.61% to a closing price of $17.79. The stock saw 396,634 shares trade hands over the course of the day on 1,239 trades. Given that the stock’s average daily volume over the last month has been 126,397 shares a day, this represents a pretty substantial spike over the norm.

United Insurance Holdings Corp has a P/B ratio of 1.69. It also has a P/E ratio of 14.9. The stock has traded between $28.43 and $12.12 over the last 52-weeks, its 50-day SMA is now $17.53, and its 200-day SMA $16.66.

United Insurance Holdings Corp along with its subsidiaries is engaged in the property and casualty insurance business in Florida, South Carolina, and Massachusetts, among others. The Company also offers reinsurance services.

Headquartered in St. Petersburg, FL, United Insurance Holdings Corp has 120 employees and is currently under the leadership of CEO John Forney.

For a complete fundamental analysis analysis of United Insurance Holdings Corp, check out Equities.com’s Stock Valuation Analysis report for UIHC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.