Focus Universal (NASDAQ:FCUV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Focus Universal (NASDAQ:FCUV) from a sell rating to a hold rating in a research note published on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Focus Universal from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Focus Universal Trading Down 1.4%

Shares of Focus Universal stock opened at $4.26 on Friday. The stock has a market capitalization of $2.98 million, a P/E ratio of -0.28 and a beta of -0.25. Focus Universal has a 52-week low of $1.79 and a 52-week high of $210.00. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.34 and a current ratio of 2.44. The stock’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $6.56.

Focus Universal (NASDAQ:FCUV) last issued its earnings results on Friday, August 14th. The company reported ($2.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.33) by ($1.36). The business had revenue of $0.68 million for the quarter, compared to the consensus estimate of $0.40 million. Focus Universal had a negative return on equity of 151.07% and a negative net margin of 637.15%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Focus Universal stock. Citadel Advisors LLC purchased a new position in Focus Universal, Inc. (NASDAQ:FCUV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,539 shares of the company’s stock, valued at approximately $44,000. Citadel Advisors LLC owned approximately 1.65% of Focus Universal at the end of the most recent quarter. 4.42% of the stock is owned by institutional investors and hedge funds.

Focus Universal Company Profile

Focus Universal Inc (NASDAQ: FCUV) is a technology company focused on developing hardware and software solutions for the Internet of Things (IoT), wireless connectivity, and data monitoring. The company’s offerings are designed to connect sensors and devices, collect information, and support the remote monitoring and management of physical environments.

Its technology portfolio includes the Ubiquitor universal wireless sensor platform, which is intended to support multiple types of sensors and applications through a flexible wireless communications infrastructure.