Ultra Clean Holdings Inc (NASDAQ: UCTT) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent meaningful negative changes in fundamentals have impacted Ultra Clean Holdings Inc (NASDAQ: UCTT): 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 A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, UCTT is expected to continue to be an important Value Builder.
Ultra Clean Holdings has a current Value Trend Rating of A (Highest Rating). This VT Rating improved modestly in recent days from B previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ultra Clean Holdings has a neutral Appreciation Score of 55 but a very high Power Rating of 91, triggering the Highest Value Trend Rating.
Recent Price Action
Ultra Clean Holdings Inc (NASDAQ: UCTT) stock closed at $39.89 on 8/1/24 after a large decline of -7.8%. Moreover, exceptionally high trading volume at 236% of normal accompanied the decline. The stock has declined -13.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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