Recent notable positive changes in investment behavior have benefitted Unity Bancorp Inc (NASDAQ: UNTY): its longer term price trend turned up.
Notable positive changes in fundamentals have recently occurred for Unity Bancorp Inc (NASDAQ: UNTY): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, UNTY is expected to continue to be a Value Builder.
Unity Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Unity Bancorp has a good Power Rating of 74 and a good Appreciation Score of 79, and the Highest Value Trend Rating results.
Recent Price Action
Unity Bancorp Inc (NASDAQ: UNTY) stock enjoyed a large increase of 3.6% on 11/29/23. The stock closed at $27.74. Moreover, this advance was accompanied by above average trading volume at 138% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.7% during the last week.
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