Unity Bancorp Inc (NASDAQ: UNTY) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Unity Bancorp Inc (NASDAQ: UNTY) has recently enjoyed meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales 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 Appreciation Score of 78 and a good Power Rating of 82, with the Highest Value Trend Rating the result.
Recent Price Action
Unity Bancorp Inc (NASDAQ: UNTY) stock closed at $28.43 on 1/3/24 after a modest decline of -1.6%. However, unusually low trading volume at 61% of normal accompanied the decline. The stock has declined -0.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
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