United Homes Group (NASDAQ:UHG) Stock Price Down 1.1%

United Homes Group, Inc. (NASDAQ:UHG) shares traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as $5.24 and last traded at $5.34. 24,632 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 22,924 shares. The stock had previously closed at $5.40.

United Homes Group Stock Performance

The stock has a 50-day moving average of $5.97 and a 200-day moving average of $6.24. The company has a debt-to-equity ratio of 5.51, a quick ratio of 1.73 and a current ratio of 7.07. The firm has a market cap of $258.30 million, a price-to-earnings ratio of 0.94 and a beta of 0.58.

United Homes Group (NASDAQ:UHG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter. United Homes Group had a return on equity of 1,013.13% and a net margin of 33.22%. The firm had revenue of $109.42 million for the quarter.

Institutional Investors Weigh In On United Homes Group

An institutional investor recently raised its position in United Homes Group stock. Boston Partners boosted its position in United Homes Group, Inc. (NASDAQ:UHG) by 9.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,069 shares of the company’s stock after buying an additional 26,441 shares during the period. Boston Partners owned approximately 0.61% of United Homes Group worth $2,077,000 at the end of the most recent quarter. Institutional investors own 88.85% of the company’s stock.

About United Homes Group

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.