Recent extremely meaningful negative changes in investment behavior have impacted United Microelectronics Corp (NYSE: UMC): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent important negative changes in fundamentals have impacted United Microelectronics Corp (NYSE: UMC): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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.
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 (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. United Microelectronics has a neutral Appreciation Score of 56 and a neutral Power Rating of 59, and the Neutral Value Trend Rating results.
Recent Price Action
On 4/18/24, United Microelectronics Corp (NYSE: UMC) stock declined slightly by -0.8%, closing at $7.53. Moreover, trading volume in this decline was unusually high at 162% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.9% during the last week.
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