Focus Universal (NASDAQ:FCUV) Stock Price Down 0.8% – Here’s What Happened

Focus Universal, Inc. (NASDAQ:FCUV)’s stock price dropped 0.8% during mid-day trading on Friday . The stock traded as low as $8.30 and last traded at $8.71. Approximately 53,446 shares changed hands during trading, a decline of 99% from the average daily volume of 6,026,272 shares. The stock had previously closed at $8.78.

Analysts Set New Price Targets

A number of equities research analysts have commented on FCUV shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Focus Universal in a research note on Wednesday, June 24th. Wall Street Zen lowered Focus Universal to a “strong sell” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Focus Universal presently has a consensus rating of “Sell”.

Focus Universal Stock Down 0.8%

The company’s 50 day moving average price is $4.54 and its 200 day moving average price is $9.67. The company has a quick ratio of 13.17, a current ratio of 2.44 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $6.10 million, a price-to-earnings ratio of -0.58 and a beta of -0.65.

Focus Universal (NASDAQ:FCUV) last announced its quarterly earnings data 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 company had revenue of $0.68 million for the quarter, compared to analysts’ expectations of $0.40 million. Focus Universal had a negative net margin of 637.15% and a negative return on equity of 151.07%.

About Focus Universal

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.