Universal Entertainment (OTCMKTS:UETMF) Shares Gap Down – Here’s What Happened

Universal Entertainment Corp. (OTCMKTS:UETMFGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.25, but opened at $6.56. Universal Entertainment shares last traded at $6.56, with a volume of 140 shares traded.

Universal Entertainment Stock Performance

The stock’s 50-day simple moving average is $6.62 and its 200-day simple moving average is $6.86. The stock has a market cap of $507.95 million, a price-to-earnings ratio of -5.12 and a beta of 0.45. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 0.32.

About Universal Entertainment

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Universal Entertainment Corporation, together with its subsidiaries, manufactures, develops, and sells pachislot and pachinko machines in Japan, Philippines, and internationally. The company operates in two segments, Amusement Equipment Business, and Integrated Resort Business. The company also develops and provides Falcon X, a peripheral system; Hot Stadium, a digital signage system; Universal Kingdom, a membership website for Android; and Slots Street, a social casino game; as well as operates OKADA MANILA, a casino resort in the Philippines.

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