Ultra Clean Holdings Inc (NASDAQ: UCTT) has reported a loss for its third fiscal quarter (ending September 30) of $-0.05 versus a loss $-0.32 for the same period a year ago — a decline of -84%. E.P.S. were $0.08 for the latest four quarters through September 30 versus $0.00 for the same period a year ago.
Recent Price Action
Ultra Clean Holdings Inc (NASDAQ: UCTT) stock closed at $35.05 on 10/28/24 after a modest decline of -1.5%. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. Relative to the market the stock has been weak over the last nine months and has declined -5.3% during the last week.
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 (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ultra Clean Holdings has a slightly positive Appreciation Score of 64 but a poor Power Rating of 28, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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