Ubiquiti Inc. (NYSE:UI) shares reached a new 52-week high on Friday . The stock traded as high as $177.65 and last traded at $173.92, with a volume of 685779 shares changing hands. The stock had previously closed at $129.99.

UI has been the subject of several research reports. BWS Financial initiated coverage on shares of Ubiquiti in a report on Wednesday, October 9th. They set a “buy” rating for the company. ValuEngine cut shares of Ubiquiti from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Finally, Zacks Investment Research cut shares of Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a report on Monday, October 28th.

The business’s 50-day moving average is $121.97. The company has a quick ratio of 2.73, a current ratio of 4.21 and a debt-to-equity ratio of 4.68. The firm has a market cap of $7.98 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.49 and a beta of 1.24.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter. The company had revenue of $286.64 million during the quarter. Ubiquiti had a net margin of 27.78% and a return on equity of 206.17%. Sell-side analysts expect that Ubiquiti Inc. will post 5.52 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Denali Advisors LLC purchased a new stake in Ubiquiti during the third quarter worth about $2,815,000. CLARET ASSET MANAGEMENT Corp bought a new position in Ubiquiti in the 3rd quarter valued at $13,070,000. Valeo Financial Advisors LLC bought a new position in Ubiquiti in the 3rd quarter valued at $119,000. Navellier & Associates Inc bought a new position in Ubiquiti in the 3rd quarter valued at $4,293,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Ubiquiti in the 3rd quarter valued at $3,282,000. Institutional investors own 20.09% of the company’s stock.

Ubiquiti Company Profile (NYSE:UI)

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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