The stock is trading at $62.75 quite a bit above $56.96, the 50 day moving average and significantly higher than the 200 day moving average of $54.24. The 50 day moving average was up $5.79 or +10.17% and the 200 day average was up $8.51. (NASDAQ:UBNT) shares saw light trading volume with 383K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 40.44% under the normal average daily volume.
Traders are feeling more bearish on shares of the company of late as implied by the increase in short interest. The stock realized a rise in short interest from September 15, 2017 to September 29, 2017 of 37.83%. Short interest increased from 7,537,851 to 10,389,049 over that period. The short-interest ratio decreased to 4.0 and the percentage of shorted shares is 0.13% as of September 29.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Cutler Group LP had acquired 3,862 shares growing its holdings by 37.1%. The value of the total investment in Ubiquiti Networks, Inc. increased from $23,000 to $798,000 a change of $775,000 for the reporting period. As of quarter end Btim Corp. had sold a total of 2,925 shares trimming its stake by 4.1%. The value in dollars went from $3,665,000 to $3,787,000 increasing 3.3% since the last quarter.
Seven Eight Capital, LLC expanded its holdings by buying 26,842 shares an increase of 5,455.7% from 06/30/2017 to 09/30/2017. Seven Eight Capital, LLC now controls 27,334 shares worth $1,531,000. The total value of its holdings increased 5,788.5%. As of quarter end Bank Of Montreal /can/ had sold a total of 173 shares trimming its position 58.1%. The value of the investment in (UBNT) went from $15,000 to $7,000 a change of 53.3% quarter over quarter.
The company’s P/E ratio is 20.31 and the market cap of the company is 5.04B. In the latest earnings report the EPS was $3.09 and is estimated to be $3.68 for the current year with 80,353,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.94 and the next full year EPS is projected to be $4.46.
Ubiquiti Networks, Inc., launched on June 24, 2010, develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Business’s enterprise product platforms provide wireless local area network (WLAN) infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. The Business’s products and solutions include radios, antennas, software, communications protocols and management tools that are designed to deliver carrier and enterprise class wireless broadband access and other services primarily in the unlicensed radio frequency (RF) spectrum. The Business’s service provider and carrier solutions include Base Station/Backhaul/Customer Premise Equipment (CPE)/Bridge-airMAX, Network Routing Platform-EdgeMAX, Point-to-point Wireless Backhaul-airFiber and Solar Platform-sunMAX. Its enterprise solutions include Enterprise WLAN-UniFi, Video Surveillance-UniFi Video, UniFi Switch, UniFi Security Gateway and Machine-To-Machine Communication-mFi..