Universe Pharmaceuticals (NYSE:UPC) Trading Down 0.2% – Here’s Why

Universe Pharmaceuticals INC (NYSE:UPC) was down 0.2% on Monday . The company traded as low as $0.50 and last traded at $0.50. Approximately 221,700 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 644,712 shares. The stock had previously closed at $0.50.

Universe Pharmaceuticals Price Performance

The firm has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $17.61.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Universe Pharmaceuticals stock. MML Investors Services LLC bought a new stake in Universe Pharmaceuticals INC (NYSE:UPC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 234,260 shares of the company’s stock, valued at approximately $57,000. MML Investors Services LLC owned approximately 6.46% of Universe Pharmaceuticals as of its most recent SEC filing. 0.18% of the stock is currently owned by hedge funds and other institutional investors.

About Universe Pharmaceuticals

Universe Pharmaceuticals INC, through its subsidiaries, engages in the manufacture, marketing, distribution, and sale of traditional Chinese medicine derivative products in China. It offers products for the treatment and relief of common chronic health conditions in the elderly for physical wellness and longevity; and cold and flu medications.