Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for United Microelectronics Corp (NYSE: UMC) improved during the last several trading days. UMC’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/17/23, United Microelectronics Corp (NYSE: UMC) stock enjoyed a large increase of 3.3%, closing at $7.85. The stock has risen 6.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
UMC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
United Microelectronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. United Microelectronics has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 35, triggering the Low Neutral Value Trend Rating.
Be the first to comment