Unisys (NYSE:UIS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Unisys Co. (NYSE:UIS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.93 and traded as high as $6.43. Unisys shares last traded at $6.27, with a volume of 338,148 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a report on Saturday, December 28th.

Unisys Stock Performance

The company has a fifty day moving average of $7.31 and a two-hundred day moving average of $5.93. The company has a market cap of $434.91 million, a PE ratio of -1.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Unisys Co. will post 0.31 EPS for the current year.

Institutional Trading of Unisys

A number of hedge funds and other institutional investors have recently bought and sold shares of UIS. Point72 DIFC Ltd purchased a new stake in Unisys in the second quarter worth $30,000. nVerses Capital LLC purchased a new stake in Unisys in the third quarter worth $36,000. Cubist Systematic Strategies LLC purchased a new stake in Unisys in the second quarter worth $41,000. Creative Planning purchased a new stake in Unisys in the third quarter worth $58,000. Finally, Paloma Partners Management Co purchased a new stake in Unisys in the third quarter worth $60,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.