United Homes Group (NASDAQ:UHG) Shares Down 0.9% – Should You Sell?

United Homes Group, Inc. (NASDAQ:UHG) shares were down 0.9% on Tuesday . The company traded as low as $1.1550 and last traded at $1.16. Approximately 356,243 shares were traded during trading, a decline of 50% from the average daily volume of 706,852 shares. The stock had previously closed at $1.17.

Analyst Ratings Changes

A number of brokerages have commented on UHG. Wall Street Zen downgraded shares of United Homes Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of United Homes Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

United Homes Group Stock Performance

The stock has a market cap of $68.22 million, a PE ratio of -3.63 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 5.73 and a debt-to-equity ratio of 2.78. The firm has a 50 day moving average price of $1.76 and a 200 day moving average price of $2.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Stonebridge Wealth Management LLC purchased a new stake in shares of United Homes Group in the 2nd quarter worth approximately $1,306,000. VELA Investment Management LLC bought a new position in shares of United Homes Group during the third quarter valued at approximately $413,000. Evernest Financial Advisors LLC purchased a new position in United Homes Group during the third quarter valued at approximately $260,000. Bailard Inc. bought a new position in United Homes Group in the second quarter worth approximately $116,000. Finally, Jane Street Group LLC bought a new position in United Homes Group in the fourth quarter worth approximately $56,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

United Homes Group Company Profile

United Homes Group, Inc, a homebuilding company, engages in the design, building, and sale of homes in South Carolina, North Carolina, and Georgia. It provides detached single-family houses, as well as attached single-family houses, including duplex and town houses for entry-level buyers, first time move-ups, second time move-ups, third time move-ups, and custom builds. The company was founded in 2004 and is headquartered in Chapin, South Carolina.