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

Shares of Unisys Co. (NYSE:UIS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

Unisys Trading Down 3.1 %

The business has a 50-day moving average price of $7.31 and a 200-day moving average price of $5.93. The firm has a market cap of $434.91 million, a P/E ratio of -1.11, a P/E/G ratio of 1.52 and a beta of 0.79.

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

Hedge Funds Weigh In On Unisys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in Unisys during the second quarter valued at about $30,000. nVerses Capital LLC bought a new stake in Unisys during the third quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new stake in Unisys during the second quarter valued at about $41,000. Creative Planning bought a new stake in Unisys during the third quarter valued at about $58,000. Finally, Paloma Partners Management Co bought a new stake in Unisys during the third quarter valued at about $60,000. 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.