Recent extremely meaningful positive changes in investment behavior have benefitted Unity Bancorp Inc (NASDAQ: UNTY): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Unity Bancorp Inc (NASDAQ: UNTY) has recently enjoyed notable 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 exceed 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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Unity Bancorp has a neutral Power Rating of 59 but a good Appreciation Score of 83, producing the Highest Value Trend Rating.
Recent Price Action
On 7/15/24, Unity Bancorp Inc (NASDAQ: UNTY) stock enjoyed a large increase of 3.7%, closing at $31.29. Moreover, this advance was accompanied by exceptionally high trading volume at 246% of normal. The stock has risen 15.5% during the last week and has performed in line with the market over the last nine months.
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