Stock Rating Upgrade
The Value Trend Rating for United Microelectronics Corp (NYSE: UMC) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 9/27/24, United Microelectronics Corp (NYSE: UMC) stock declined modestly by -1.2%, closing at $8.73. However, trading volume in this decline was below average at 79% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, UMC is expected to continue to be a modest Value Builder.
United Microelectronics has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United Microelectronics has a slightly positive Power Rating of 65 and a good Appreciation Score of 72, and the Positive Value Trend Rating results.
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