Recent important negative changes in fundamentals have affected Ultra Clean Holdings Inc (NASDAQ: UCTT): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Recent notable negative changes in investment behavior have affected Ultra Clean Holdings Inc (NASDAQ: UCTT): negative upside/downside volume developed.
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
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 C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ultra Clean Holdings has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 46, resulting in the Neutral Value Trend Rating.
Recent Price Action
Ultra Clean Holdings Inc (NASDAQ: UCTT) stock declined modestly by -1.1% on 9/20/24. The stock closed at $34.50. Moreover, unusually high trading volume at 186% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.6% during the last week.
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