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Unusual volume in United American Healthcare Corp. (UAHC)
Topics: Uncategorized, news and viewsUnited American Healthcare Corp. (Nasdaq:UAHC) is a small Tennessee managed-care provider. For its investors, UAHC has been a house of pain, declining from over $9 in late 2007 to just above $1 last fall. Fundamentally, United American is reeling from the loss of a contract with TennCare. But recently, UAHC shares have stabilized. Though UAHC normally trades less than 30,000 shares per day, today over 450,000 shares exchanged hands:
Get trend analysis for UAHC from Ino.com
No news was announced today (as far as I can tell though I am traveling and do not have Bloomberg terminal access) that would explain a 1500% volume surge. The volume spikes may be the “footprints” of institutional investors moving in and out of the stock. In February, Willow Creek hedge fund took a 10% stake. I’m not a buyer here but I’m adding UAHC to my watch list.
DISCLOSURE: No position.
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I have bought UAHC at 1,05 ,in my opinion UAHC is strong buy!
Today’s data:
Market Cap (intraday)5: 8.54M
Total Cash (mrq): 14.92M
Total Debt (mrq): 0
So the company has no debt and it has more cash the market capitalization.
If UAHC would be liquited today,I will have more money that I invested!
On 24 UAHC will report the earnings and investors will finally notice that,even if,the earnings will not be very good,the company is incredibly unrevalued:people will start to buy and the price will double!
UAHC:STRONG BUY
Massimo
Sentiment : Strong Buy