Alert: Negative Fundamental Signals (3/8/24)-Ultra Clean Holdings Inc (NASDAQ: UCTT)

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Ultra Clean Holdings Inc (NASDAQ: UCTT) has recently experienced extremely important negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

UCTT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Ultra Clean Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ultra Clean Holdings has a neutral Appreciation Score of 48 and a neutral Power Rating of 60, with the Neutral Value Trend Rating the result.

Recent Price Action

Ultra Clean Holdings Inc (NASDAQ: UCTT) stock declined modestly by -1.4% on 3/8/24. The stock closed at $46.35. However, trading volume in this decline was below average at 74% of normal. The stock has been strong relative to the market over the last nine months and has risen 7.3% during the last week.

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