Following a couple of bombastic market sessions, Unity Management Group, Inc. (PINK:UYMG) has now calmed down. What seemed to be a one-way trip toward the high-volume market category is now slowly changing its course.
Yesterday, UYMG closed trade at $0.0053 per share, down 3.6% from its Tuesday close of $0.0055, which in turn marked a 5% depreciation as compared to the previous three surges of 20%, 40% and 38%, respectively. Had this spectacular run continued during the post-Monday sessions, UYMG stock would have already surpassed the 200-day moving average. Instead, UYMG only went beyond the 50-day MA and continues to stay above it in spite of how it performed during the last two market sessions.
Even though UYMG’s quest seems to have lost momentum, third parties have now invested $47 thousand into a paid promotional campaign in support of UYMG. While the promotional email reached our database last night, a brand-new press release about subsidiary Metropolitan Computing Corporation has surfaced, which is expected to give UYMG stock an additional boost later today.
Unity Management Group, Inc. focuses on providing a wide variety of health services such as practice management, billing, staffing and marketing techniques to name but a few.
UYMG generated $197K in revenue for the third calendar quarter of 2011. The company had zero cash and working capital deficit of $2.1 million for the same period. In addition, UYMG closed the quarter at a net loss of $305 thousand.
