The penny stock of United American Healthcare Corp. (UAHC) is having its best trading session of all-time today thanks to a joint effort to bring attention to it. Making a ton of money as precision laser-cutters for medical devices, primarily in the cardiovascular market, UAHC stock is a hard one to get your hands on unless you’re John M. Fife, President and CEO, or the Dove Foundation. Rushing to 0.40 as if it had been injected with adrenaline, you have to wonder if Fifth Third Bank will be calling today to collect their debt.
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UAHC Stock Quote
Market Cap: 2.02M
Last: 0.171 ▲ +0.145 (+557.69%)
Dollar Volume: $616,760
Issued and Outstanding: 18,292,766
14-Day Rel Strength: 91.74%
1st Resistance Point: 0.3771
1st Support Level: 0.0219
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The orgy of alerts which went out on United American Healthcare Corp.’s UAHC stock has done surprisingly well in light of the APS debacle of PWEI being their newest pick today. Then again, once you look deeper into the laser cutters, you come to think that UAHC should have been well above 0.04 anyway.
Although they have some issues with debt which totals to about $1.5 million, thanks to their acquisition of Pulse Systems back in 2010, they really have a good thing going right now. The 10-K should be coming out shortly, but when tracking back to their last Q for the 3 months ended March 31,2013, not much could have really made a negative impact on the Company.
For the 3 and 9 months ended March 31, 2013, contract manufacturing revenue booked was $2.225 million and $6.059 million, respectively, versus $1.642 million and $4.806 million. The effect was an increase in 9 months operating income of over $1 million, from a loss of ($392K) to income of $685K.
Then when you look and see that current assets, $2.049 million, were only 1/5th of heir current liabilities, $9.979 million, it becomes more apparent as to why UAHC stock was only worth 0.026 yesterday.
About UAHC Stock
United American Healthcare Corporation, through their wholly-owned subsidiary, Pulse Systems, LLC, provides contract manufacturing services to the medical device industry, with a focus on precision laser-cutting capabilities and the processing of thin-wall tubular metal components, sub-assemblies and implants, primarily in the cardiovascular market.
Last 5 Trading Sessions:
Every dog has his day and today’s dog is UAHC. From a growth perspective, sure they are growing their revenues at a pace which demands some attention, but when you try to determine ow they can pay their bills off without issuing some UAHC stock, you can take it off he list of penny stocks to watch now that the party is over.
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