Urstadt Biddle Properties Inc. (UBA) Moves Lower on Volume Spike for December 18

Equities Staff  |

Urstadt Biddle Properties Inc. (UBA) traded on unusually high volume on Dec. 18, as the stock lost 3.79% to close at $22.08. On the day, Urstadt Biddle Properties Inc. saw 150,726 shares trade hands on 1,360 trades. Considering that the stock averages only a daily volume of 92,900 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $24.62 and $18.32 over the last 52-weeks, its 50-day SMA is now $22.53, and its 200-day SMA $20.59. Urstadt Biddle Properties Inc. has a P/B ratio of 2.14. It also has a P/E ratio of 21.7.

Urstadt Biddle Properties Inc is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. Its properties consist of neighborhood and community shopping centers & seven office buildings.

Headquartered in Greenwich, CT, Urstadt Biddle Properties Inc. has 51 employees and is currently under the leadership of CEO Willing L. Biddle.

For a complete fundamental analysis analysis of Urstadt Biddle Properties Inc., check out Equities.com’s Stock Valuation Analysis report for UBA.

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To get more information on Urstadt Biddle Properties Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: UBA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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

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