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Utah Medical stock hits 52-week low at $63.22

Published 06/12/2024, 16:02
Utah Medical stock hits 52-week low at $63.22
UTMD
0.63%

Utah Medical (TASE:PMCN) Products, Inc. (UTMD) stock has reached a new 52-week low, touching down at $63.22. This latest price point marks a significant drop for the company, which has seen its stock value decrease by 20.5% over the past year. According to InvestingPro analysis, the company maintains strong financial health with a "GREAT" rating, supported by robust fundamentals and 21 consecutive years of dividend payments. Investors have been tracking the performance of UTMD closely, noting the stock's decline while trading at an attractive P/E ratio of 14.9x. The company's strong balance sheet shows more cash than debt, and InvestingPro analysis suggests the stock is currently undervalued. With six additional ProTips available on InvestingPro, including insights on cash flow yield and shareholder returns, investors can make more informed decisions about the company's recovery potential.

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