(UNIT) Uniti - Ratings and Ratios

Uniti Group Inc (NASDAQ:UNIT) is an internally managed real estate investment trust specializing in the acquisition, construction, and management of mission-critical communications infrastructure. The company is a key player in the telecommunications sector, providing fiber-optic cables and wireless solutions that underpin modern communication networks. Its infrastructure portfolio includes fiber routes, cell towers, and other critical real estate assets. As of December 31, 2023, Uniti owned approximately 140,000 fiber route miles and 8.5 million fiber strand miles across the United States, positioning it as a vital enabler of high-speed connectivity and 5G deployment.

Unitis strategic focus is on supporting the growing demand for data transmission and wireless communication services. The companys infrastructure serves as the backbone for telecom operators, enabling the delivery of high-speed internet, mobile communications, and other bandwidth-intensive applications. Its extensive fiber network spans key markets, making it an essential partner for carriers and service providers looking to expand their coverage and improve network reliability.

From a technical perspective, UNIT stock has shown a bullish crossover in its short-term moving averages, with the 20-day SMA crossing above the 50-day SMA. The stock is trading above its 20-day SMA of $4.64, with a last price of $4.96 as of the latest data. The ATR of 0.24 indicates moderate volatility. On the fundamental side, Unitis market cap stands at $1.2 billion, with a trailing P/E of 12.95 and a forward P/E of 11.35, suggesting expectations of earnings growth. However, the negative return on equity (-3.79%) raises concerns about profitability.