What’s Universal Logistics Holdings, Inc. (ULH) Upside After Reaching 52-Week High?

June 17, 2018 - By Richard Conner

The stock of Universal Logistics Holdings, Inc. (NASDAQ:ULH) hit a new 52-week high and has $27.19 target or 3.00 % above today’s $26.40 share price. The 8 months bullish chart indicates low risk for the $749.63M company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $27.19 price target is reached, the company will be worth $22.49 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.73% or $0.45 during the last trading session, reaching $26.4. About 122,898 shares traded or 213.24% up from the average. Universal Logistics Holdings, Inc. (NASDAQ:ULH) has risen 84.64% since June 17, 2017 and is uptrending. It has outperformed by 72.07% the S&P500.

Universal Logistics Holdings, Inc. provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company has market cap of $749.63 million. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services. It has a 26.67 P/E ratio. The firm transports various commodities comprising automotive parts, machinery, building materials, paper, food, consumer goods, furniture, steel, and other metals.

Universal Logistics Holdings, Inc. (NASDAQ:ULH) Institutional Positions Chart

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